🚀 HBAR (HEDERA) TO BE USED BY BIG 4 BANK ANZ | XRP RIPPLE LAWSUIT NEWS | STAKING AXS 78% APY | XDC

🚀 HBAR (HEDERA) TO BE USED BY BIG 4 BANK ANZ | XRP RIPPLE LAWSUIT NEWS | STAKING AXS 78% APY | XDC - In this video, we discuss Hbar Hedera News, XRP News today, crypto news today, and more. - In this video, we discuss XRP News today, crypto news today, and more.
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ANZ is readying to dip its toes deeper into cryptocurrency, unveiling plans to tap into the growing demand for decentralised finance (DeFi).

Speaking at an Australian Blockchain Week panel on the intersection of traditional finance and DeFi, ANZ's portfolio lead Nigel Dobson said that the bank is exploring how best to offer DeFi services to its 8.5 million customers.

"The bridge between centralised finance and decentralised finance is shorter than we thought," said Dobson.

While crypto is often presented as an alternative to traditional finance, larger banks have actively been exploring the technology.

Last November, CommBank outlined plans to offer crypto trading through its app.

Dobson told the conference ANZ was taking a "blockchain agnostic" approach and had already experimented with minting, transacting and burning tokens on the Hedera Hashgraph testnet.

One advantage of Hasgraph, Dobson noted, was its "low-cost and low-carbon" infrastructure. His comments suggest that network might be the platform of choice for ANZ for any future DeFi or stablecoin plans, though he didn't offer any further details.

Hedera Hashgraph's lower-carbon imprint fits with ANZ's stated goals to be a more ecologically responsible bank. Bitcoin and Ethereum are often criticised for their high carbon emissions. Hashgraph is capable of running Solidity smart contracts, which means that existing smart contracts and applications on Ethereum can be ported over to Hashgraph, which could help bootstrap a potential DeFi ecosystem.

Website Link To Article - https://www.finder.com.au/anz-cryptocurrency-defi-panel

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