DeFi and TradFi Bridged for Financial Empowerment

Despite skepticism, blockchain technology is being harnessed to empower everyday people through decentralized finance (DeFi) and traditional finance (TradFi) integration. On The Agenda podcast, John Wingate of BankSocial and Azeem Khan of Morph discuss their efforts to bridge the gap between these financial systems. BankSocial, founded by Wingate, aims to create user-centric financial products for credit unions, which are member-owned banks that align with the ethos of decentralized economy. Wingate believes that combining DeFi and TradFi can provide a harmonious platform for regulated financial institutions to access the ownership economy. Meanwhile, Morph, co-founded by Khan, is an Ethereum layer 2 solution focused on ‘crypto-for-good activities,’ targeting emerging markets and promoting decentralized science. Khan emphasizes the importance of using blockchain to empower people globally, particularly in developing regions where traditional financial systems are less accessible.