What is TradFi? - Crypto in Plain English - Episode 257 - by cryptohunt.it

What is TradFi?

Welcome to the Cryptohunt Jam, where we spend one minute a day to explain crypto. In plain English. My name is Christian Byza, Co-Founder of Cryptohunt.it and I am your host of this daily show.

If you hear enough crypto talk, eventually someone will mention “TradFi”, often looking down on it as something yucky.

So… What is TradFi? Well, another one of those terms crypto people made more complicated than it has to be. It stands for “Traditional Finance” and simply refers to existing mainstream financial system: Banks, Central Banks, Governments - all the things you’ve lived with your entire life.

Why give it a new name then? Because it feeds the “us vs. them” narrative. Traditional Finance is evil, crypto is coming to your rescue.

If you ask us – and you know we are not shy to give you a more balanced view – that’s really the wrong way to look at it. The financial system we grew up in works for a majority of people. Sure - it has shortcomings, especially those disproportionately impact the financially less fortunate. But we will not take crypto mainstream, if we don’t all work together.

So, here’s to TradFi just being Fi and all of us getting along to solve problems together!

Oh, and one more thing: You might not know but we release new fun courses about all things crypto, web3 and defi on cryprohunt every week. Last weekends course about DAOs is my favorite one so far. If you always really wanted to understand what a DAO is - we got you covered now. Just go to www.cryprohunt.it, sign up and do the latest course - it’s all for free.

Disclaimer: This podcast references our opinion and is for information purposes only. It is not intended to be investment advice. Do your own research and seek a duly licensed professional for investment advice.