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They will have a meeting on Money on Chain and its role in the DeFi ecosystem

October 21, 2020

On October 22nd there will be a Spanish edition of BitTalks with a focus on DeFi for Bitcoin, organized by the Blockchain Institute Technology from Spain.

The initiative will cover the following topics:

  • An Introduction to RSK (Bitcoin Sidechain)
  • An Introduction to the Money On Chain Protocol (DeFi with Bitcoin)

The appointment is on October 22nd at 7:00 p.m. (Spain).

speaker

They will have a meeting on Money on Chain and its role in the DeFi ecosystem
They will have a meeting on Money on Chain and its role in the DeFi ecosystem

The speakers for this virtual meeting are:

Manuel Ferrari: Co-founder of Money On Chain, the first DeFi protocol that allows stablecoins to be created using Bitcoin as security.

Maximiliano del Hoyo: Head of Open Finance at IOV Labs. He holds a degree in Business Administration from the University of Buenos Aires and has over a decade of experience in the field of technology.

The moderation is led by Lluís Mas, Founder and CEO of Blockchain Institute Technology.

Interested parties can register here.

About money on the chain

Money On Chain is a stable asset platform that issues crypto-backed stablecoins and a decentralized platform. The developers know that Bitcoin has the problem of volatility for many purposes. That is why they are betting on solving this problem by implementing smart contracts. with RSK technology.

Manuel Ferrari was interviewed by Cointelegraph en Español in May of this year. Considering that one of the specifics of Money On Chain is that it is a stable coin backed up in Bitcoin, he was asked what value this has, to which he replied:

“There are several advantages to using Bitcoin as security. First, it is the most liquid cryptocurrency and with the largest users in the world. The protocol enables the transition from Bitcoin (via RSK) to Stablecoin (Dollar On Chain, and Euro On Chain and other stablecoins will come soon) and vice versa. Then you have the certainty of knowing the part of the crypto asset with the highest liquidity and acceptance on a global level and of accessing it using the protocol. ”

Ferrari added:

“Another important benefit is that if you have a large part of your wealth in Bitcoin and you are using Dollars On Chain, you are actually using Bitcoin. If the more than $ 7 billion currently contained in other stablecoins were to flow into stablecoins that use Bitcoin as collateral, the positive effect for Bitcoin would be phenomenal. We believe that bitcoiners who use other stable coins prefer to use tokens like Dollar On Chain as it is in their own best interest if bitcoin use is to increase. ”

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