Sam is LIVE with Torsten Stüber, CTO of Pendulum to discuss how Pendulum's interoperable blockchain brings together high-quality fiat tokens in a single, powerful DeFi network. Offering composable fiat solutions with 1000x performance.
Throughout the centuries, the tools of money have evolved to be evermore inclusive and accessible in an increasingly globalized and borderless world — from trading metal coins to investing in stocks or sending online bank transactions. However, the centralized traditional financial systems, which historically provided these tools, tend to be unable to deliver flexible and composable services. Global fiat transfers and interactions in traditional finance suffer from high fees, slow speeds and limited optionality. In contrast, the explosive growth in the world of decentralized finance (DeFi) has brought about tools for building innovative financial products for future generations. But to date, bridging compliant fiat fintech services over to DeFi ecosystems has been a struggle. Enter Pendulum.
Built on Parity’s Substrate framework, Pendulum establishes the missing link between fiat and DeFi with a sophisticated smart contract network. Pendulum chain aims to become the one-stop hub for the internet of fiat. Innovations that Pendulum will bring include: