To truly deliver a decentralized and efficient protocol that every single one out there can join. But we’re ready to go that long road to unlock one by one. For now fiat services still require very heavy paperwork, licenses and permissions, which also differ among jurisdictions. The second point is that we have to keep the barrier to entry low. With services that utilize both like the crypto-to-fiat services. That is why we offer both crypto and fiat services. So the first point is that the services have to be diverse, hence different users can select what is most suitable for them. Oops, I think I got too passionate and answer deep into this question through the previous! To top that, I’ll say that our mission is to bring secure and efficient services to the mass, and by that I mean every single person out there. Can you explain how Meld Global and what kind of services it offers to users? So people can stay long on their crypto of choice, with more liquidity flowing into Cardano as well! We still have a more ambition to share. To bring other tokens to the Cardano Blockchain and be compatible with the MELD protocol. We also have interoperability solutions like the MELDed Assets like mBTC, mETH, etc. People don’t have to give up their keys when coming to the MELD protocol. Think Nexo, BlockFi but decentralized and more efficient. So think Aave, Compound but more tax efficient and automation when users need fiat. Both the protocol and the MELD Foundation will be managed by MELD holders. With a non-profit MELD Foundation to handle fiat, with transparent ledger for third party audit. We are also decentralized, trustless and non-custodial. While borrowing fiat against collateral isn’t, with the fiat loan interest being tax-deductible in many jurisdictions. As cashing out on any token, like a USD stablecoin risks a capital gain tax event. So that they can stay long on their crypto investment but still have the convenience of fiat. One can deposit crypto as collateral to borrow fiat to spend in their daily life. For example, we’re developing a crypto-to-fiat lending protocol that exposes the best out of both fiat and crypto to the end users. MELD at the core is a concept, to MELD things together to bring the best out of both ends.
Can you tell the members a little about Meld Global? Okay, In the first session I will give questions about Meld Global, if you have given an answer please say “Done” Your experince will certainly motivate us in the future😊 To MELD the fiat and crypto worlds, the different Blockchains and protocols there as well. Since last year I’ve been working with a brilliant team at MELD. For the last 4 years I’ve been focusing on Blockchain technology and DeFi solutions, especially with the Cardano Blockchain. I started my career in game development, which quickly turned into AI engineering. I’m an entrepreneur, system architect and Blockchain engineer from Vietnam. My name is Hai, CEO and Co-Founder of MELD. Okey, Before I start the first session can you introduce yourself to our community? Let’s take a look at the most interesting points of our conversation. If you missed the AMA in person, read this recap for a deeper insight into Meld Global.
The Meld Global team took part in a very interesting AMA session which included introductions, questions from twitter, and a live AMA session with the Cryptoscreen community. Lots of questions as usual from the Community about Meld Global progress. Our guest is the Hai Nguyen Quang of Meld Global. On 06 July 2021, Meld Global conducted an AMA in the Cryptoscreen Community.
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