I have come across this interesting interview of Camila Russo by Jeff Wilser of Coindesk. Camila Russo is a former Bloomberg reporter and now a DeFi guru, author of “The Infinite Machine: How an Army of Crypto-hackers Is Building the Next Internet With Ethereum.” and the publisher of DeFi newsletter Defiant.
The bulk of the interview is about how she became the author of "The Infinite Machine" and the newsletter publisher. But, finally in the end Jeff got around to ask her:
"Predictions for DeFi in 2021?
Russo: For the general trend, obviously DeFi will continue growing. And for next year, the biggest pieces that still need to gain steam are under collateralized loans. So far, DeFi has been very much based on collateral, and I think that’s made adoption difficult. Or it’s made it a very niche thing because you need capital to start using it. So hopefully next year will be the year where under-collateralized loans start picking up. And I think the key to that will be different identity solutions, or decentralized credit cards. Those two developments will be key for DeFi to continue to grow.
How about in the next five years?
Russo: I think DeFi will continue to grow really quickly, and it’s bound to start merging, more and more, with fintech. Right now, fintech and DeFi are like two separate worlds. But that really makes no sense. I think the next step will be for companies to start building bridges between DeFi and fintech. And that will be the way that DeFi starts going mainstream and becoming just finance. There will come a point where “DeFi” will seem like a really antiquated term, and that it’s just part of life, sort of like finance – just how you deal with money."
Full story and source credit: https://www.coindesk.com/camila-russo-on-building-the-defiant-and-the-future-of-defi
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