The financial industry is one of the most affected in the midst of the Covid-19 pandemic. But at the same time various innovations are also present, such as Fintech to financial decentralization, which can be said to be the latest financial products.
So what is the meaning of financial decentralization itself? Launching The Conversation, financial decentralization or commonly abbreviated as DeFi is a faster and easier financial system.
Financial decentralization is also related to cryptocurrencies, aka cryptocurrencies, which work within the blockchain system. In simple terms, financial decentralization or DeFi will affect almost many financial industries, one of which is the Fintech industry.
The Fintech Asia Summit 2022 which took place online on Thursday (20/1), was attended by various professionals in finance and Fintech, of course. Interestingly, at this event, IOV Labs also brought the RSK Blockchain into the Fintech industry.
The Fintech Asia Summit 2022 event was attended by various speakers from various financial professionals and the Fintech industry. One of them is Eddy Travia as Regional Director Asia-Pacific from IOV Labs.
In its release, IOV Labs explained that Asia Pacific is one of the largest and most crucial markets for the Fintech industry. Eddy Trivia also explained the importance of financial decentralization, bitcoin and what is the RSK Blockchain from IOV Labs, which can contribute to the future of Fintech.
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"It is an honor to be able to talk about financial decentralization within the bitcoin ecosystem, through the RSK Blockchain technology at the Fintech Asia Summit 2022," said Eddy Travia.
He continued, "This event was very well organized, with many active participants and some of them are people who are already in the Fintech and blockchain industry," he continued.
Furthermore, he also described the importance of financial decentralization, including what are the advantages of cryptocurrencies such as bitcoin. Especially with the RSK Blockchain, bitcoin can be used on various smart contract platforms.
Besides being able to be used on various smart contract platforms around the world, the bitcoin ecosystem in the RSK Blockchain also has several other advantages and/or advantages such as quick payments and high scalability to accommodate requests. That means using bitcoin will be faster and easier for many people.
Meanwhile, Dhinesh Kumar as CEO and founder of Point to Business Services and at the same time Head of Global Events at Fintech Asia, also feels the crucial support from IOV Labs by bringing the RSK Blockchain into the Fintech industry.
Moreover, IOV Labs is a silver sponsor at the Fintech Asia Summit 2022, which shows their seriousness in the future of the Fintech industry.
"Thank you for the support from IOV Labs, including support for our vision related to the Fintech industry," said Dhinesh Kumar.
He added, "IOV Labs support is very important, and allows us to provide services to the Fintech community and help them to increase profits and customer satisfaction through various innovations," he added.
"In the future everything will be tokens connected by a blockchain. We will continue this relationship in the future, including in future events." Dhinesh Kumar concluded.
For information, IOV Labs itself continues to emphasize the importance of a platform that is affordable but with high quality and easy to use for many people.
In addition to increasing financial equality for many, IOV Labs is also paying attention to the benefits of bitcoin, by presenting SSR. RSK itself is the first smart contract platform based on open source.