THELOGICALINDIAN - 1 Hi Ivan Thank you for demography the time to allocution to us But afore we dive on in wed like to apperceive added about your ability in the acreage of blockchain
Hi! Thank you actual abundant for accepting me on board. I’d like to anticipate of myself as an industry-driven entrepreneur, mainly based in the developer and authorization industries. I formed as the Director of Business and Development in the industry and was in allegation of growing a Top 500 Fortune Franchise.
My adventure in the blockchain industry began way aback in 2024. I was one of the aboriginal adopters of cryptocurrencies and during the crypto bang in 2024, I was a absolute banker and crypto researcher. Ever back then, I formed carefully with the industry experimenting with assorted protocols to access my accounts and crypto knowledge.
Last year, I was fabricated the Director of Business Development for one of the top crypto Fin-Tech projects Ferrum Network which is amenable for incubating over 500 actor TVL account of projects. Having formed with all these projects, I’ve credible the amazing abeyant of decentralized finance. However the overarching gap amid TradFi and DeFi was consistently apparent, authoritative it difficult for bodies to transition, and this is area SafeGram came to realization.
2. In the accomplished few years, we’ve apparent a huge arrival of basic into DeFi, and naturally, the catechism of redistributing this basic arises. Can you accord us an acumen into how DeFi projects are alive to redistribute this basic beyond the all-around banking arrangement and what do you anticipate is the best able way?
Yes! Owing to DeFi’s awe-inspiring success in the accomplished brace of years, we’ve apparent a huge arrival of capital. Investors, both VC and retail, forth with approved users accept all been cloudburst money into this appearing industry for college yields and all-around accessibility. When I aftermost checked, the absolute aggregate bound in DeFi protocols was sitting at $225 billion. With added and added funds advancing into the system, the abutting accessible footfall is to get these funds out of the arrangement and this is area DeFi is currently backward behind.
The efforts in this administration accept been basal so far. But there are a few protocols aggravating to affix lenders in DeFi with borrowers in TradFi to actualize an apparent breeze of capital. Apart from this, I accept the best band-aid is to accept acceptable off-ramping solutions that acquiesce users of DeFi to advance their agenda assets alfresco the industry. This way, DeFi’s basic will calmly acquisition its way into the all-around banking system.
3. The alteration from TradFi to DeFi is accustomed to be the abutting accustomed footfall in the change of finance. But alike today, the industry struggles with on and off-ramping users. How do you anticipate this is affecting the alteration and do you see a applicable band-aid for the problem?
Decentralized accounts is a accomplished new banking arrangement congenital alongside to the acceptable one. So, back we’re on or off-ramping users into DeFi, we’re about affective amount amid two awfully altered banking systems and that’s why there’s friction. Initially, we’ve had added problems with on-ramping users but acknowledgment to crypto exchanges and added agency of earning crypto, on-ramping users is now easier than ever. But, off-ramping is still a problem.
DeFi users attempt to put their crypto backing to acceptable use alfresco the industry to accomplish payments or purchases. This has bargain cryptocurrencies to a abundance of amount and hinders their acceptance because accustomed users cannot acquisition applicable use. The band-aid to this is to accept a apparatus that lets users calmly catechumen their crypto backing into authorization currencies that they can calmly use anywhere beyond the globe. And this is absolutely what we’re accomplishing at SafeGram.
4. Well! That’s a abundant insight. Can you briefly airing us through the close apparatus of SafeGram and maybe acquaint us how it differs from added crypto-fiat solutions like Telcoin or Coinovy.
Well! As I mentioned, SafeGram provides off-ramping solutions via its crypto-to-fiat bridge. It allows anyone to accelerate a 1:1 amount of their blockchain backing as authorization currencies to anywhere beyond the world. This agency that if you appetite to accelerate $100 to your friend, you can use $100 account of your ETH backing to accomplish the transaction. You’re advantageous in crypto but your acquaintance is accepting it in fiat.
We’ve called this access because it is not alone the best applied but additionally the best able one. Now if you analyze SafeGram to added projects like Coinovy, Coinovy allows users to abjure crypto backing to a debit agenda and again absorb it. We acquiesce you to absorb your backing directly. And while Telcoin has partnered with third-party remittance casework to facilitate payments, we accept a congenital remittance arrangement that provides absolute all-around reach.
5. How will a crypto-fiat arch appulse the all-around banking ecosystem and additionally the DeFi industry? Do you anticipate it will actualize a accepted arena for these industries to assignment in tandem?
As of now, we’re in an cryptic average arena amid crypto and fiat. We are boilerplate abutting to accomplishing “crypto achievement over fiat” as enthusiasts claim. But on the added hand, cryptocurrencies will not abandon into the abysm as agnostic claims. We’re best acceptable headed appear a approaching of co-existence of these two asset types and this is area crypto-fiat bridges will accomplish a huge difference.
By seamlessly abutting the two banking systems, they acquiesce users to about-face from one to the added calmly as per their convenience. They could accept a huge appulse on the all-around remittance market, abbreviation the amount of remittances and acceptance users to calmly accelerate funds beyond the globe. Along with this, they actualize new utilities for agenda assets and acquiesce for their affiliation into the all-around banking system.
6. Lately, we’ve apparent developments appear DeFi 2.0, the new abundance of decentralized finance. What problems are DeFi 2.0 protocols aggravating to tackle, and what appulse do you anticipate they will accept on the apple of finance?
DeFi 2.0 is a movement of projects that are aggravating to body on DeFi 1.0’s awe-inspiring success and actuate it alike added by authoritative cogent improvements. I’d like to anticipate of DeFi 2.0 as the amount conception stage. This new beachcomber of projects is aggravating to accouterment DeFi’s best acute problems like the abridgement of anchored absorption rates, abridgement of account for staked funds, and abridgement of cyberbanking articles for risk-averse investors. While accomplishing so, they additionally abode real-world cyberbanking problems and booty cyberbanking the unbanked appealing seriously.
When DeFi 2.0 gets rolling, I accept decentralized accounts will booty a new appearance and anatomy to become an basic allotment of the all-around banking system.
7. As a agreement focused on and off-ramping for the crypto industry, what admonition do you accept for bodies still on the fence about authoritative the transition? What opportunities do you anticipate this new banking arrangement has in abundance for them?
The new banking arrangement best absolutely has a countless of opportunities up for grabs. The college yields and college ROIs allege volumes to us about how DeFi can be acclimated for abundance generation. That actuality said, the risks associated with the industry are appealing aerial too and I accept every user charge accede their own appetence for accident afore authoritative the transition.
Hopefully, in the abreast future, DeFi will accept banking articles to baby to all accident appetites.
