Bitcoin-powered Portal Platform to Enable Financial Inclusion and Improved DeFi Services
Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.
Bitcoin (BTC), which first started off as a peer-to-peer (P2P) virtual currency or electronic cash system, has already established itself as a globally-accessible store-of-value.
Bitcoin was long seen as a speculative asset class, but now consumers in many nations are increasingly using it to pay for products and services in everyday life. Inflation in fiat currencies and the gradual loss of trust in governments is now pushing more individuals and business organizations to consider using crypto-assets.
These developments could bring some stability to the Bitcoin price, because the flagship cryptocurrency may be perceived as a reliable store-of-value for wealth preservation. That combined with BTC’s censorship-resistant, simplistic, and efficient design could help with unlocking doors to decentralized finance (DeFi) activities, including lending, borrowing, trading and various other financial services.
There are many innovative projects in the crypto space, including Portal, that are sharply focused on enabling uncensorable and permissionless financial services while leveraging the power and security of the Bitcoin protocol. As mentioned on its official website, Portal DeFi is a decentralized financial platform that “blends the best” of Bitcoin and Layer 2 solutions.
With Portal, DeFi could become truly uncensorable, while enabling peer to peer and trust minimized services. Just like the underlying properties of the BTC protocol, Portal aims to provide a secure foundation for facilitating non-custodial digital asset trading. As noted by its developers, the Portal platform
Read more on cryptonews.com
