As the crypto industry continues to grow, it becomes increasingly intertwined with traditional finance (TradFi) to the benefit of end users. TradFi is notoriously slow, inefficient and expensive. International wire transfers, which take days and double-digit dollar fees in most cases, are a perfect embodiment of the current state of traditional finance.
By comparison, decentralized finance (DeFi) has the potential to provide similar services, including fund transfers, payments and storage, much quicker and at lower costs. However, the majority of financial technology (fintech) applications offered by TradFi services win the users in terms of user experience and simplicity, leaving the unnecessarily complex and obscure DeFi apps with limited adoption.
Mainstream users require a friendly experience and easy-to-use applications to dip their toes in decentralized waters before becoming full-fledged crypto users. Similarly, DeFi users need a bridge to utilize their crypto funds in their everyday lives. They seek a fintech solution that is free from the complexity, logginess and expensiveness of traditional finance services.
Renegade, a Web3-ready financial services platform, aims to bridge TradFi features with crypto and DeFi by providing users with a clean,…
