Indian fintech firms raised nearly $9 billion in total funding in 2021, nearly three times the amount raised in 2020, and this trend is expected to continue into 2022
DeFi projects on the blockchain network offer simple and inexpensive access to capital, as well as efficient lending and borrowing, as well as decentralized crypto and synthetic stock exchanges.
CB Insights’ 2021 State of Venture Report confirms fintech funding smashed several records last year, with $132 billion raised. Fintechs captured $1 in every $5 from venture capital firms.
The National Bank of Cambodia's blockchain-based nationwide payment system, will be officially launched and is recognized as one of the world's first CBDC.
The average fee paid for remittances is nearly $15, and keep in mind that most remittances are only a few hundred USD, and recipients had to wait an average of 2.4 days to receive those funds.