If you’ve ever tried to read Adam Smith’s famous work on economic systems, you know that finance is a complex topic that is not easily described or understood. Although aspects of the financial industry have been debated ever since Smith put pen to paper, one thing is certain: if a company doesn’t change with the times, it will fail, and only those that innovate will succeed.
The latest innovation in this industry is decentralized finance or DeFi. It’s based on the principle of financial independence for all users from individuals to institutions, and promises outstanding financial success for those who take the effort to understand it. One blockchain-based enterprise in this new world is the Nimbus Platform, a company specializing in financial solutions tailored to individual needs of its users, both with its own DeFi solutions or through its cross-chain affiliations. Nimbus users are offered opportunities they wouldn’t be able to find elsewhere in the DeFi environment.
The fact that third-party banks and brokerages don’t intercede in blockchain-based financial transactions may concern many people since these traditional institutions have controlled the market since its inception. Often, individuals, organizations and countries distrust the fact that cryptocurrency is not backed by tangible or physical value. All skeptics, however, should understand that Crypto and DeFi aren’t new gimmicks, but new technologies that can be used to generate great financial benefits.
Nimbus Platform CEO Alex Lemberg explains, “It’s essential to understand that this movement to the blockchain isn’t something that we haven’t experienced before. We have seen many phases of technology come and we have leveraged them.” With over 27 years of experience seeing innovations revolutionize the fintech industry, Lemberg has many insights into the development of his field. In his opinion, new technologies are not only essential for individual financial success but crucial for traditional banks to stay in business.
Many news outlets report that Crypto entails great risk because there is no institutional or governmental entity backing the value of a given currency if it starts to collapse. However, they tend to ignore the benefits that Crypto offers with decentralization. For many people, Independence from the traditional institutions available to them is advantageous, and the ability to avoid government interference is a lifeline to those trapped in North Korea.
Nimbus Platform offers the opportunity to take part in the developing DeFi sector at a time when it does not have limits on who can get involved. From all over the world, in developing countries and powerful nations, people have put their wallets on the Nimbus Platform.
The people at the Nimbus Platform are well aware of all the criticisms leveled at cryptocurrency and the DeFi market and have already taken precautions that other platforms only consider. It is entirely based on smart contracts, or digital contracts that operate with complete transparency and activate only when preset conditions are met. Smart contracts allow both parties to be fully aware of the conditions of any transaction and eliminate any chance of exploitation.
Prospective users can be certain of a secure and transparent Nimbus Platform providing solutions on the DeFi market for those who need them. Both newcomers and veteran Crypto enthusiasts will find that Nimbus offers services that meet their needs with options such as its Liquidity Pool Staking, NFT Exchange, lending and borrowing, as well as its cross-platform links. The platform’s primary goal is to offer intuitive actions and a seamless experience for users at any level, with the security and transparency that all users want.
Nimbus’ progress and development are based on all users achieving their own financial success. As Alex Lemberg states, “The theme and concept behind all of these things are that we’re a decentralized company. We want to actually push into the DeFi environment and help banking institutions and people to participate in that world.” As DeFi continues to grow, Nimbus will lead its evolution.