{"id":36073,"date":"2022-05-10T06:53:22","date_gmt":"2022-05-10T06:53:22","guid":{"rendered":"https:\/\/codeandpepper.com\/?p=36073"},"modified":"2022-05-17T07:03:46","modified_gmt":"2022-05-17T07:03:46","slug":"web3-defi-impact-on-fintech","status":"publish","type":"post","link":"https:\/\/codeandpepper.com\/web3-defi-impact-on-fintech\/","title":{"rendered":"How DeFi and Web3 Will Impact Fintech and the Future of Finance Industry"},"content":{"rendered":"\n<p>We are living in a global society where \u201cpoint oh\u201d defines and describes the evolution of things. Industry, internet, social phenomenons. We got Industry 4.0 and Web 3.0. Both complement and complete each other. To some extent, both are a natural consequence of one another. <strong>What is Web 3.0 and what is its impact on DeFi and the future of finance?<\/strong><\/p>\n\n\n\n<!--more-->\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/codeandpepper.com\/wp-content\/uploads\/2022\/05\/DeFi-and-Web3-Future-of-Finance-Industry.jpeg\" alt=\"How web3 will impact fintech\" class=\"wp-image-36342\" width=\"864\" height=\"450\" srcset=\"https:\/\/codeandpepper.com\/wp-content\/uploads\/2022\/05\/DeFi-and-Web3-Future-of-Finance-Industry.jpeg 864w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2022\/05\/DeFi-and-Web3-Future-of-Finance-Industry-300x156.jpeg 300w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2022\/05\/DeFi-and-Web3-Future-of-Finance-Industry-768x400.jpeg 768w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2022\/05\/DeFi-and-Web3-Future-of-Finance-Industry-361x188.jpeg 361w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2022\/05\/DeFi-and-Web3-Future-of-Finance-Industry-433x226.jpeg 433w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2022\/05\/DeFi-and-Web3-Future-of-Finance-Industry-432x225.jpeg 432w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2022\/05\/DeFi-and-Web3-Future-of-Finance-Industry-360x189.jpeg 360w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2022\/05\/DeFi-and-Web3-Future-of-Finance-Industry-200x104.jpeg 200w\" sizes=\"auto, (max-width: 864px) 100vw, 864px\" \/><\/figure><\/div>\n\n\n<h4>Table of contents<\/h4>\n\n\n<ul class=\"wp-block-list\"><li><a href=\"#What is Web 3.0?\">What is Web 3.0?<\/a><\/li><li><a href=\"#How Web 3.0 is transforming finance?\">How Web 3.0 is transforming finance?<\/a><\/li><li><a href=\"#Practical uses\">Practical uses<\/a><\/li><li><a href=\"#How will DeFi shape the future of finance?\">How will DeFi shape the future of finance?<\/a><\/li><\/ul>\n\n\n\n<section id=\"What is Web 3.0?\" class=\"hidden-block\"><\/section>\n\n<style type=\"text\/css\">\n  #What is Web 3.0? {\n    visibility: hidden !important;\n  }\n<\/style>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-is-web-3-0\">What is Web 3.0?<\/h2>\n\n\n\n<p>To understand Web 3.0, we first must take a little step back. A brief history lesson will help us understand what is going on. It will also clear the image and show how Web3 will impact FinTech.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-web-1-0-a-pillar-for-the-future\">Web 1.0 \u2013 a pillar for the future<\/h3>\n\n\n\n<p>Between 1989 and 1999 the internet was a dream or a proliferated experiment. Sure, it already impacted ordinary people, and e-commerce was born, but we didn\u2019t have a clear idea of what it exactly is and what could it do. Not everyone at least.<\/p>\n\n\n\n<p>Early versions of the world wide web were funded by the government and useful to the military and academics. When the commercial ban was lifted in 1991, everything has changed. The domain registration process had started, search engines were born, the idea of the internet spread around the world. Many countries across the globe were setting up the infrastructure.<\/p>\n\n\n\n<p>Back then, pages were static, the server\u2019s file-system was the only source of content, elements on the page were positioned and governed by Frames and Tables.<\/p>\n\n\n\n<p>We didn\u2019t even have memes about sweet, little kittens. Dark times.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-web-2-0-the-pillar-is-you\">Web 2.0 \u2013 the pillar is you<\/h3>\n\n\n\n<p>Between 2000 and 2009 things got serious. Many people already had internet; e-commerce was booming. The web became a synonym of daily life. Not only an important and integral part of it but a huge part of users\u2019 identity. If you are not there, you are missing out. If you have a company but you don\u2019t have a page, you don\u2019t exist.<\/p>\n\n\n\n<p>This stage was extremely important because powers that be and businesses alike adapted to users\u2019 needs and behaviors. Users suddenly and massively became consumers, but also creators. Companies like Google, Amazon, or Facebook created the opportunity to search, surf, and buy. At the same time, people were overwhelmed by how easy it is to create and share content. Internet provided chances to reach many people in a matter of hours, even minutes. Turning them, respectively, into creators and consumers in the process.<\/p>\n\n\n\n<p>In 2008 Apple invented the app economy. The spawn of the famous \u201cthere\u2019s an app for that\u201d changed the world yet again. Since then, billions around the world made it through the day with the internet in their pocket.<\/p>\n\n\n\n<p>In this iteration, companies developed web-based applications that could be accessible from anywhere. Problems were solved by simple, often single-focus digital products. The value was defined by content, not the device used to consume it. The distribution was bottom-up, not top-down. The system encouraged social tools for the creation, collaboration, editing, and promoting of various formats of content. The more people felt the value, the more they were willing to distribute the content, participating in the overall growth of the world\u2019s economy.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-web-3-0-multiple-pillars\">Web 3.0 \u2013 multiple pillars<\/h3>\n\n\n\n<p>Web3, Defi, crypto. It all started around 2010 when the era of FinTech had truly begun. The infamous mortgage and financial crisis of 2007-2008 brought serious consequences. Along with a global hiccup that resulted in financial solutions, policies, and regulations. It also spawned blockchain, which blew up the traditional understanding of finance by shattering the sector into many pieces.<\/p>\n\n\n\n<p>What was a diversity for consumers, was, at least at first, a chock to high-street banks. Suddenly, people had options. They were no longer dependent on a centralized banking system. With options came agility, a larger pool of services options, and one key factor that is the reason for this article \u2013 democratization.<\/p>\n\n\n\n<p>On multiple fronts, not only financial. The rise of independent journalists, government and corporate whistleblowers, anti-war activists. This is a direct result of possibilities built by the previous generation of the internet. With Web 3.0 everything became even simpler.&nbsp;<\/p>\n\n\n\n<p>Simpler for the user, that is. Behind the curtain it just got real. Web 3.0 is powered by decentralized data architecture, A.I-driven services (mainly machine learning algorithms), and edge computing infrastructure.&nbsp;<\/p>\n\n\n\n<section id=\"How Web 3.0 is transforming finance?\" class=\"hidden-block\"><\/section>\n\n<style type=\"text\/css\">\n  #How Web 3.0 is transforming finance? {\n    visibility: hidden !important;\n  }\n<\/style>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-how-web-3-0-is-transforming-finance\">How Web 3.0 is transforming finance?<\/h2>\n\n\n\n<p>In a nutshell, by providing infrastructure to people who don\u2019t want the rule of high-street banks. <a href=\"https:\/\/www.ey.com\/en_us\/nextwave-financial-services\/how-financial-institutions-can-win-the-battle-for-trust\" rel=\"nofollow\">According to EY<\/a>, in 2021 51% of <a href=\"https:\/\/codeandpepper.com\/what-does-generation-z-spend-their-money-on\">Generation Z<\/a> and 49% of Millenials identified a FinTech, not a classic bank, as a trustworthy financial brand. <a href=\"https:\/\/bankingblog.accenture.com\/banks-do-right-by-customers-to-increase-trust\" rel=\"nofollow\">According to Accenture<\/a>, and just a year earlier, 57% of consumers said they don\u2019t trust commercial banks with their long-term financial well-being.<\/p>\n\n\n\n<p>Web3\u2019s impact on the financial industry is enormous. As <a href=\"https:\/\/defillama.com\/\" rel=\"nofollow\">DeFi Llama reported<\/a>, DeFi\u2019s total value in 2021 reached $18,7 billion. At the same time, the number of unique DeFi profiles <a href=\"https:\/\/dune.xyz\/rchen8\/defi-users-over-time\" rel=\"nofollow\">grew up to 4 million<\/a>.\u00a0<\/p>\n\n\n\n<p>All of that wouldn\u2019t be possible without artificial intelligence, machine learning, the rise of cryptocurrencies, and decentralized finance platforms. Decentralized finance (DeFi) is a term for digital financial products and services that are available for anyone with access to the internet. These applications don\u2019t have centralized authorities over their heads. Access to money, the account, or loans, for example, can\u2019t be blocked or denied by anyone. Since Web 3.0 is decentralized as well, both go hand in hand. Web 3, DeFi projects, blockchain technology, Web 3.0 crypto tokens. All these stand together to utilize the power of blockchain.<\/p>\n\n\n\n<p>Developments like cryptocurrencies and smart contracts provide services without the need for financial authorities to act as guarantors. Web 3.0 will be used for tokenizations of assets, online gaming, distributed ledgers, non-fungible tokens (NFTs), peer-to-peer (P2P) transfers, and possibly Central Bank Digital Currencies (CBDCs). Challenges with all of that? The rise of cybercrime, through-the-roof protection of personal data, and medical-related bias from artificial intelligence.&nbsp;<\/p>\n\n\n\n<p>The serious challenge with Web 3.0 is that content belongs to the user who created it, not the platform the content is created on. Through the possibly widespread adoption of NFTs, users can create, own and sell digital products of their own creation, without losing money, rights, or another equivalent of currency to platform holders. That poses copyright and security-related problems.<\/p>\n\n\n\n<p>Partial cure? The adoption rate could produce solutions through a scale effect. <a href=\"https:\/\/www3.weforum.org\/docs\/WEF_Digital_Assets_Distributed_Ledger_Technology_2021.pdf\" rel=\"nofollow\">According to the 2021 World Economic Forum report<\/a>, technologies that DeFi is standing on (mainly distributed ledgers and smart contracts) will disrupt a traditional market worth $867 trillion.\u00a0<\/p>\n\n\n\n<section id=\"Practical uses\" class=\"hidden-block\"><\/section>\n\n<style type=\"text\/css\">\n  #Practical uses {\n    visibility: hidden !important;\n  }\n<\/style>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-practical-uses\">Practical uses<\/h2>\n\n\n\n<p>Which platform could gain its best use case from the financial service industry? The one focused on a user. Big data usage and improved knowledge of customers should lead to a higher rate of consumer trust. Innovation related to <a href=\"https:\/\/codeandpepper.com\/what-is-metaverse-crypto\">metaverse <\/a>should be implemented with respect to the human condition. Milking users for money just because there\u2019s a new technological breakthrough on the horizon, won\u2019t work.&nbsp;<\/p>\n\n\n\n<p>Companies that can develop public blockchains with privacy-enhancing features, for example, are in it to win it. There\u2019s a \u201ctrustless blockchain\u201d term that has been thrown around quite a bit. It means that in the blockchain industry users don\u2019t have to trust any kind of institution or a third-party provider for a network or payment system to function. It just does.<\/p>\n\n\n\n<p>Having said that, though, trust is important. Not only because of the privacy issue but also because there\u2019s friction when it comes to simple things like\u2026 working solutions. It\u2019s known as the <a href=\"https:\/\/medium.com\/api3\/the-api-connectivity-problem-bd7fa0420636\" rel=\"nofollow\">API connectivity problem<\/a>. It prevents the blockchain ecosystem from directly accessing \u201coff-chain\u201d data (any data stored off the blockchain). It includes both Open Banking and Open Finance data. This causes friction between legacy Web 2.0 applications and new Web 3.0 products. <a href=\"https:\/\/codeandpepper.com\/services\/api-development\">API development<\/a> is not easy in this stage of evolution.<\/p>\n\n\n\n<section id=\"How will DeFi shape the future of finance?\" class=\"hidden-block\"><\/section>\n\n<style type=\"text\/css\">\n  #How will DeFi shape the future of finance? {\n    visibility: hidden !important;\n  }\n<\/style>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-how-will-defi-shape-the-future-of-finance\">How will DeFi shape the future of finance?<\/h2>\n\n\n\n<p>Sure, we can use slogans like \u201cmore connectivity, creativity, ownership of digital assets and guarantee privacy\u201d. The truth is a little more complicated than that. It all boils down to Web 3\u2019s impact on FinTech, but even more so, on how Web 3 DeFi projects will be useful to consumers. High-street banks are slowly but surely overtaken by FinTechs not because they didn\u2019t have an offer but because this offer wasn\u2019t relevant anymore.<\/p>\n\n\n\n<p><a href=\"https:\/\/codeandpepper.com\/services\/open-banking-development-services\">Open Banking development<\/a> should always focus on the user, not the other way around.&nbsp;<\/p>\n\n\n\n\n<section id=\"related-posts-block_627a0c968f0b2\" class=\"related-posts-block block common-block \">\n  <div class=\"container\">\n\n\n    \n  <svg class=\"wave\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"280\" height=\"9\" viewBox=\"0 0 280 9\">\n    <path fill=\"currentColor\" fill-rule=\"evenodd\" d=\"M0 3.6c2.88 0 4.18-.668 5.824-1.515C7.724 1.108 9.879 0 13.998 0c4.12 0 6.274 1.108 8.175 2.085 1.644.847 2.943 1.515 5.823 1.515 2.88 0 4.179-.668 5.824-1.515C35.72 1.108 37.874 0 41.995 0c4.12 0 6.274 1.108 8.174 2.085 1.645.847 2.945 1.515 5.824 1.515 2.88 0 4.18-.668 5.826-1.515C63.719 1.108 65.873 0 69.993 0c4.12 0 6.274 1.108 8.174 2.085 1.645.847 2.945 1.515 5.823 1.515 2.88 0 4.18-.668 5.825-1.515C91.715 1.108 93.87 0 97.99 0c4.12 0 6.273 1.108 8.174 2.085 1.645.847 2.945 1.515 5.823 1.515 2.88 0 4.178-.668 5.824-1.515 1.9-.977 4.054-2.085 8.173-2.085 4.12 0 6.273 1.108 8.174 2.085 1.646.847 2.945 1.515 5.825 1.515 2.88 0 4.18-.668 5.826-1.515 1.9-.977 4.055-2.085 8.175-2.085 4.12 0 6.273 1.108 8.174 2.085 1.646.847 2.945 1.515 5.825 1.515 2.88 0 4.179-.668 5.824-1.515 1.9-.977 4.054-2.085 8.175-2.085 4.12 0 6.274 1.108 8.175 2.085 1.646.847 2.946 1.515 5.826 1.515 2.88 0 4.18-.668 5.826-1.515 1.9-.977 4.054-2.085 8.175-2.085 4.12 0 6.273 1.108 8.174 2.085 1.646.847 2.945 1.515 5.825 1.515 2.881 0 4.18-.668 5.827-1.515 1.9-.977 4.056-2.085 8.176-2.085 4.121 0 6.276 1.108 8.177 2.085 1.646.847 2.946 1.515 5.827 1.515s4.181-.668 5.828-1.515C259.718 1.108 261.873 0 265.995 0c4.121 0 6.275 1.108 8.177 2.084 1.645.848 2.946 1.516 5.828 1.516V9h-.007l-5.252-.793c-1.129-.382-2.056-.848-2.919-1.291-1.646-.847-2.946-1.516-5.827-1.516-2.882 0-4.183.669-5.829 1.516-1.9.977-4.056 2.084-8.177 2.084-4.12 0-6.275-1.107-8.176-2.084-1.647-.847-2.947-1.516-5.828-1.516-2.88 0-4.18.669-5.827 1.516-1.9.977-4.055 2.084-8.176 2.084-4.12 0-6.273-1.107-8.175-2.084-1.645-.847-2.944-1.516-5.824-1.516s-4.18.669-5.826 1.516c-1.9.977-4.055 2.084-8.175 2.084-4.12 0-6.275-1.107-8.176-2.084-1.644-.847-2.945-1.516-5.825-1.516-2.88 0-4.18.669-5.825 1.516-1.9.977-4.054 2.084-8.174 2.084-4.12 0-6.274-1.107-8.176-2.084-1.644-.847-2.943-1.516-5.823-1.516-2.88 0-4.18.669-5.826 1.516-1.9.977-4.054 2.084-8.175 2.084-4.12 0-6.274-1.107-8.174-2.084-1.646-.847-2.946-1.516-5.825-1.516s-4.179.669-5.824 1.516c-1.9.977-4.053 2.084-8.173 2.084s-6.273-1.107-8.173-2.084c-1.645-.847-2.945-1.516-5.824-1.516-2.88 0-4.179.669-5.824 1.516C90.265 7.893 88.11 9 83.99 9c-4.12 0-6.273-1.107-8.173-2.084-1.645-.847-2.944-1.516-5.824-1.516s-4.18.669-5.825 1.516C62.268 7.893 60.113 9 55.993 9c-4.12 0-6.274-1.107-8.174-2.084-1.645-.847-2.945-1.516-5.824-1.516-2.88 0-4.18.669-5.825 1.516C34.27 7.893 32.116 9 27.996 9c-4.12 0-6.273-1.107-8.174-2.084-1.645-.847-2.945-1.516-5.824-1.516s-4.179.669-5.824 1.516C7.311 7.359 1.127 8.618 0 9\"\/>\n<\/svg>\n\n<h2 class=\"block-title section-title\">\n  Related posts<\/h2>\n\n\n\n    <div>\n      <div class=\"related-posts\">\n                  <div class=\"related-post\">\n            <h3 class=\"related-post-title typography-title-m\">\n              <a href=\"https:\/\/codeandpepper.com\/open-banking-api-standards-regulations\/\" title=\"Open Banking Regulations\">\n                Open Banking Regulations              <\/a>\n            <\/h3>\n                          <a class=\"related-post-thumbnail\" aria-label=\"Open Banking Regulations\" href=\"https:\/\/codeandpepper.com\/open-banking-api-standards-regulations\/\">\n                <img loading=\"lazy\" decoding=\"async\" width=\"360\" height=\"189\" src=\"https:\/\/codeandpepper.com\/wp-content\/uploads\/2022\/04\/Open-Banking-API-360x189.jpeg\" class=\"attachment-blog-thumbnail size-blog-thumbnail wp-post-image\" alt=\"Open banking api standards\" srcset=\"https:\/\/codeandpepper.com\/wp-content\/uploads\/2022\/04\/Open-Banking-API-360x189.jpeg 360w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2022\/04\/Open-Banking-API-768x400.jpeg 768w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2022\/04\/Open-Banking-API-433x226.jpeg 433w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2022\/04\/Open-Banking-API-432x225.jpeg 432w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2022\/04\/Open-Banking-API-200x104.jpeg 200w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2022\/04\/Open-Banking-API.jpeg 864w\" sizes=\"auto, (max-width: 360px) 100vw, 360px\" \/>              <\/a>\n                        <p class=\"related-post-description typography-body-smaller\">\n              Compliance to open banking standards and regulations is crucial for business. Read to learn more about current law.            <\/p>\n            <a class=\"plus-link\" href=\"https:\/\/codeandpepper.com\/open-banking-api-standards-regulations\/\">\n              <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"17\" height=\"17\" viewBox=\"0 0 17 17\">\n    <path d=\"M7 0h3v17H7z\"\/>\n    <path d=\"M17 7v3H0V7z\"\/>\n<\/svg>\n              <span>Full Article<\/span>\n            <\/a>\n          <\/div>\n                  <div class=\"related-post\">\n            <h3 class=\"related-post-title typography-title-m\">\n              <a href=\"https:\/\/codeandpepper.com\/10-latest-blockchain-trends-2022\/\" title=\"10 Blockchain Trends for 2022\">\n                10 Blockchain Trends for 2022              <\/a>\n            <\/h3>\n                          <a class=\"related-post-thumbnail\" aria-label=\"10 Blockchain Trends for 2022\" href=\"https:\/\/codeandpepper.com\/10-latest-blockchain-trends-2022\/\">\n                <img loading=\"lazy\" decoding=\"async\" width=\"360\" height=\"189\" src=\"https:\/\/codeandpepper.com\/wp-content\/uploads\/2022\/03\/10-Blockchain-Trends-2022.jpeg\" class=\"attachment-blog-thumbnail size-blog-thumbnail wp-post-image\" alt=\"blockchain industry trends 2022\" srcset=\"https:\/\/codeandpepper.com\/wp-content\/uploads\/2022\/03\/10-Blockchain-Trends-2022.jpeg 864w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2022\/03\/10-Blockchain-Trends-2022-768x400.jpeg 768w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2022\/03\/10-Blockchain-Trends-2022-80x42.jpeg 80w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2022\/03\/10-Blockchain-Trends-2022-119x62.jpeg 119w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2022\/03\/10-Blockchain-Trends-2022-433x226.jpeg 433w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2022\/03\/10-Blockchain-Trends-2022-192x100.jpeg 192w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2022\/03\/10-Blockchain-Trends-2022-720x375.jpeg 720w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2022\/03\/10-Blockchain-Trends-2022-432x225.jpeg 432w\" sizes=\"auto, (max-width: 360px) 100vw, 360px\" \/>              <\/a>\n                        <p class=\"related-post-description typography-body-smaller\">\n              Blockchain trends in 2022 show larger adoption of this solution by small and medium companies. What it means for your business? Read on!            <\/p>\n            <a class=\"plus-link\" href=\"https:\/\/codeandpepper.com\/10-latest-blockchain-trends-2022\/\">\n              <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"17\" height=\"17\" viewBox=\"0 0 17 17\">\n    <path d=\"M7 0h3v17H7z\"\/>\n    <path d=\"M17 7v3H0V7z\"\/>\n<\/svg>\n              <span>Full Article<\/span>\n            <\/a>\n          <\/div>\n                  <div class=\"related-post\">\n            <h3 class=\"related-post-title typography-title-m\">\n              <a href=\"https:\/\/codeandpepper.com\/7-fintech-trends-to-watch-2022\/\" title=\"7 Biggest Fintech Trends to Watch in 2022\">\n                7 Biggest Fintech Trends to Watch in 2022              <\/a>\n            <\/h3>\n                          <a class=\"related-post-thumbnail\" aria-label=\"7 Biggest Fintech Trends to Watch in 2022\" href=\"https:\/\/codeandpepper.com\/7-fintech-trends-to-watch-2022\/\">\n                <img loading=\"lazy\" decoding=\"async\" width=\"360\" height=\"189\" src=\"https:\/\/codeandpepper.com\/wp-content\/uploads\/2022\/02\/7-Biggest-Fintech-Trends-to-Watch-in-2022.jpeg\" class=\"attachment-blog-thumbnail size-blog-thumbnail wp-post-image\" alt=\"fintech trends to watch in 2022\" srcset=\"https:\/\/codeandpepper.com\/wp-content\/uploads\/2022\/02\/7-Biggest-Fintech-Trends-to-Watch-in-2022.jpeg 864w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2022\/02\/7-Biggest-Fintech-Trends-to-Watch-in-2022-768x400.jpeg 768w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2022\/02\/7-Biggest-Fintech-Trends-to-Watch-in-2022-80x42.jpeg 80w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2022\/02\/7-Biggest-Fintech-Trends-to-Watch-in-2022-119x62.jpeg 119w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2022\/02\/7-Biggest-Fintech-Trends-to-Watch-in-2022-433x226.jpeg 433w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2022\/02\/7-Biggest-Fintech-Trends-to-Watch-in-2022-192x100.jpeg 192w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2022\/02\/7-Biggest-Fintech-Trends-to-Watch-in-2022-720x375.jpeg 720w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2022\/02\/7-Biggest-Fintech-Trends-to-Watch-in-2022-432x225.jpeg 432w\" sizes=\"auto, (max-width: 360px) 100vw, 360px\" \/>              <\/a>\n                        <p class=\"related-post-description typography-body-smaller\">\n              FinTech trends in 2022 shows us that blockchain and closer cooperation with ecommerce is on the rise. There&#8217;s a lot more, read on!            <\/p>\n            <a class=\"plus-link\" href=\"https:\/\/codeandpepper.com\/7-fintech-trends-to-watch-2022\/\">\n              <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"17\" height=\"17\" viewBox=\"0 0 17 17\">\n    <path d=\"M7 0h3v17H7z\"\/>\n    <path d=\"M17 7v3H0V7z\"\/>\n<\/svg>\n              <span>Full Article<\/span>\n            <\/a>\n          <\/div>\n              <\/div>\n    <\/div>\n\n\n  <\/div>\n<\/section>\n\n<style type=\"text\/css\">\n  #related-posts-block_627a0c968f0b2 {\n    background: ;\n    color: ;\n  }\n\n  #related-posts-block_627a0c968f0b2 .block-title {\n    color: ;\n  }\n<\/style>","protected":false},"excerpt":{"rendered":"<p>We are living in a global society where \u201cpoint oh\u201d defines and describes the evolution of things. Industry, internet, social phenomenons. We got Industry 4.0 and Web 3.0. Both complement and complete each other. To some extent, both are a natural consequence of one another. What is Web 3.0 and what is its impact on<a class=\"moretag\" href=\"https:\/\/codeandpepper.com\/web3-defi-impact-on-fintech\/\"> Read the full article&#8230;<\/a><\/p>\n","protected":false},"author":20413,"featured_media":36342,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1688],"tags":[1661,1706,1652],"class_list":["post-36073","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fintech-business","tag-blockchain","tag-fintech-industry","tag-fintech-trends"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How DeFi and Web3 Will Impact Fintech and the Future of Finance Industry | Code &amp; Pepper<\/title>\n<meta name=\"description\" content=\"Web 3.0 will significantly impact FinTech industry. Decentralized data and AI will shape apps of the future. Learn more from the article!\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/codeandpepper.com\/web3-defi-impact-on-fintech\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How DeFi and Web3 Will Impact Fintech and the Future of Finance Industry | Code &amp; Pepper\" \/>\n<meta property=\"og:description\" content=\"Web 3.0 will significantly impact FinTech industry. Decentralized data and AI will shape apps of the future. Learn more from the article!\" \/>\n<meta property=\"og:url\" content=\"https:\/\/codeandpepper.com\/web3-defi-impact-on-fintech\/\" \/>\n<meta property=\"og:site_name\" content=\"Code &amp; Pepper\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/codeandpepper\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-05-10T06:53:22+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-05-17T07:03:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/codeandpepper.com\/wp-content\/uploads\/2022\/05\/DeFi-and-Web3-Future-of-Finance-Industry.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"864\" \/>\n\t<meta property=\"og:image:height\" content=\"450\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jaros\u0142aw \u015aci\u015blak\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@codeandpepper\" \/>\n<meta name=\"twitter:site\" content=\"@codeandpepper\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Jaros\u0142aw \u015aci\u015blak\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"7 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/codeandpepper.com\/web3-defi-impact-on-fintech\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/codeandpepper.com\/web3-defi-impact-on-fintech\/\"},\"author\":{\"name\":\"Jaros\u0142aw \u015aci\u015blak\",\"@id\":\"https:\/\/codeandpepper.com\/#\/schema\/person\/4d99a36115b17f10860637a13b3b3885\"},\"headline\":\"How DeFi and Web3 Will Impact Fintech and the Future of Finance Industry\",\"datePublished\":\"2022-05-10T06:53:22+00:00\",\"dateModified\":\"2022-05-17T07:03:46+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/codeandpepper.com\/web3-defi-impact-on-fintech\/\"},\"wordCount\":1407,\"publisher\":{\"@id\":\"https:\/\/codeandpepper.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/codeandpepper.com\/web3-defi-impact-on-fintech\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/codeandpepper.com\/wp-content\/uploads\/2022\/05\/DeFi-and-Web3-Future-of-Finance-Industry.jpeg\",\"keywords\":[\"Blockchain\",\"FinTech industry\",\"FinTech trends\"],\"articleSection\":[\"FinTech Business\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/codeandpepper.com\/web3-defi-impact-on-fintech\/\",\"url\":\"https:\/\/codeandpepper.com\/web3-defi-impact-on-fintech\/\",\"name\":\"How DeFi and Web3 Will Impact Fintech and the Future of Finance Industry | Code &amp; Pepper\",\"isPartOf\":{\"@id\":\"https:\/\/codeandpepper.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/codeandpepper.com\/web3-defi-impact-on-fintech\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/codeandpepper.com\/web3-defi-impact-on-fintech\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/codeandpepper.com\/wp-content\/uploads\/2022\/05\/DeFi-and-Web3-Future-of-Finance-Industry.jpeg\",\"datePublished\":\"2022-05-10T06:53:22+00:00\",\"dateModified\":\"2022-05-17T07:03:46+00:00\",\"description\":\"Web 3.0 will significantly impact FinTech industry. Decentralized data and AI will shape apps of the future. Learn more from the article!\",\"breadcrumb\":{\"@id\":\"https:\/\/codeandpepper.com\/web3-defi-impact-on-fintech\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/codeandpepper.com\/web3-defi-impact-on-fintech\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/codeandpepper.com\/web3-defi-impact-on-fintech\/#primaryimage\",\"url\":\"https:\/\/codeandpepper.com\/wp-content\/uploads\/2022\/05\/DeFi-and-Web3-Future-of-Finance-Industry.jpeg\",\"contentUrl\":\"https:\/\/codeandpepper.com\/wp-content\/uploads\/2022\/05\/DeFi-and-Web3-Future-of-Finance-Industry.jpeg\",\"width\":864,\"height\":450,\"caption\":\"how web3 will impact financial industry\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/codeandpepper.com\/web3-defi-impact-on-fintech\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/codeandpepper.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"How DeFi and Web3 Will Impact Fintech and the Future of Finance Industry\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/codeandpepper.com\/#website\",\"url\":\"https:\/\/codeandpepper.com\/\",\"name\":\"Code & Pepper\",\"description\":\"FinTech Developers\",\"publisher\":{\"@id\":\"https:\/\/codeandpepper.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/codeandpepper.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/codeandpepper.com\/#organization\",\"name\":\"Code & Pepper\",\"url\":\"https:\/\/codeandpepper.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/codeandpepper.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/codeandpepper.com\/wp-content\/uploads\/2019\/06\/logo.png\",\"contentUrl\":\"https:\/\/codeandpepper.com\/wp-content\/uploads\/2019\/06\/logo.png\",\"width\":319,\"height\":144,\"caption\":\"Code & Pepper\"},\"image\":{\"@id\":\"https:\/\/codeandpepper.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/codeandpepper\/\",\"https:\/\/x.com\/codeandpepper\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/codeandpepper.com\/#\/schema\/person\/4d99a36115b17f10860637a13b3b3885\",\"name\":\"Jaros\u0142aw \u015aci\u015blak\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/codeandpepper.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/ab028da5fc780b19966f305918b0045520176e8bc7c265540adcce45ab2cd0c9?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/ab028da5fc780b19966f305918b0045520176e8bc7c265540adcce45ab2cd0c9?s=96&d=mm&r=g\",\"caption\":\"Jaros\u0142aw \u015aci\u015blak\"},\"description\":\"Branding, marketing, business scaling, content &amp; company culture specialist. Over 20 years of experience in marketing, strategy, and writing. Learn more by visiting: scislak.com\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/jaroslawscislak\"],\"url\":\"https:\/\/codeandpepper.com\/author\/jarek-scislak\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"How DeFi and Web3 Will Impact Fintech and the Future of Finance Industry | Code &amp; Pepper","description":"Web 3.0 will significantly impact FinTech industry. Decentralized data and AI will shape apps of the future. Learn more from the article!","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/codeandpepper.com\/web3-defi-impact-on-fintech\/","og_locale":"en_US","og_type":"article","og_title":"How DeFi and Web3 Will Impact Fintech and the Future of Finance Industry | Code &amp; Pepper","og_description":"Web 3.0 will significantly impact FinTech industry. Decentralized data and AI will shape apps of the future. Learn more from the article!","og_url":"https:\/\/codeandpepper.com\/web3-defi-impact-on-fintech\/","og_site_name":"Code &amp; Pepper","article_publisher":"https:\/\/www.facebook.com\/codeandpepper\/","article_published_time":"2022-05-10T06:53:22+00:00","article_modified_time":"2022-05-17T07:03:46+00:00","og_image":[{"width":864,"height":450,"url":"https:\/\/codeandpepper.com\/wp-content\/uploads\/2022\/05\/DeFi-and-Web3-Future-of-Finance-Industry.jpeg","type":"image\/jpeg"}],"author":"Jaros\u0142aw \u015aci\u015blak","twitter_card":"summary_large_image","twitter_creator":"@codeandpepper","twitter_site":"@codeandpepper","twitter_misc":{"Written by":"Jaros\u0142aw \u015aci\u015blak","Est. reading time":"7 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/codeandpepper.com\/web3-defi-impact-on-fintech\/#article","isPartOf":{"@id":"https:\/\/codeandpepper.com\/web3-defi-impact-on-fintech\/"},"author":{"name":"Jaros\u0142aw \u015aci\u015blak","@id":"https:\/\/codeandpepper.com\/#\/schema\/person\/4d99a36115b17f10860637a13b3b3885"},"headline":"How DeFi and Web3 Will Impact Fintech and the Future of Finance Industry","datePublished":"2022-05-10T06:53:22+00:00","dateModified":"2022-05-17T07:03:46+00:00","mainEntityOfPage":{"@id":"https:\/\/codeandpepper.com\/web3-defi-impact-on-fintech\/"},"wordCount":1407,"publisher":{"@id":"https:\/\/codeandpepper.com\/#organization"},"image":{"@id":"https:\/\/codeandpepper.com\/web3-defi-impact-on-fintech\/#primaryimage"},"thumbnailUrl":"https:\/\/codeandpepper.com\/wp-content\/uploads\/2022\/05\/DeFi-and-Web3-Future-of-Finance-Industry.jpeg","keywords":["Blockchain","FinTech industry","FinTech trends"],"articleSection":["FinTech Business"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/codeandpepper.com\/web3-defi-impact-on-fintech\/","url":"https:\/\/codeandpepper.com\/web3-defi-impact-on-fintech\/","name":"How DeFi and Web3 Will Impact Fintech and the Future of Finance Industry | Code &amp; Pepper","isPartOf":{"@id":"https:\/\/codeandpepper.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/codeandpepper.com\/web3-defi-impact-on-fintech\/#primaryimage"},"image":{"@id":"https:\/\/codeandpepper.com\/web3-defi-impact-on-fintech\/#primaryimage"},"thumbnailUrl":"https:\/\/codeandpepper.com\/wp-content\/uploads\/2022\/05\/DeFi-and-Web3-Future-of-Finance-Industry.jpeg","datePublished":"2022-05-10T06:53:22+00:00","dateModified":"2022-05-17T07:03:46+00:00","description":"Web 3.0 will significantly impact FinTech industry. Decentralized data and AI will shape apps of the future. Learn more from the article!","breadcrumb":{"@id":"https:\/\/codeandpepper.com\/web3-defi-impact-on-fintech\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/codeandpepper.com\/web3-defi-impact-on-fintech\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/codeandpepper.com\/web3-defi-impact-on-fintech\/#primaryimage","url":"https:\/\/codeandpepper.com\/wp-content\/uploads\/2022\/05\/DeFi-and-Web3-Future-of-Finance-Industry.jpeg","contentUrl":"https:\/\/codeandpepper.com\/wp-content\/uploads\/2022\/05\/DeFi-and-Web3-Future-of-Finance-Industry.jpeg","width":864,"height":450,"caption":"how web3 will impact financial industry"},{"@type":"BreadcrumbList","@id":"https:\/\/codeandpepper.com\/web3-defi-impact-on-fintech\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/codeandpepper.com\/"},{"@type":"ListItem","position":2,"name":"How DeFi and Web3 Will Impact Fintech and the Future of Finance Industry"}]},{"@type":"WebSite","@id":"https:\/\/codeandpepper.com\/#website","url":"https:\/\/codeandpepper.com\/","name":"Code & Pepper","description":"FinTech Developers","publisher":{"@id":"https:\/\/codeandpepper.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/codeandpepper.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/codeandpepper.com\/#organization","name":"Code & Pepper","url":"https:\/\/codeandpepper.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/codeandpepper.com\/#\/schema\/logo\/image\/","url":"https:\/\/codeandpepper.com\/wp-content\/uploads\/2019\/06\/logo.png","contentUrl":"https:\/\/codeandpepper.com\/wp-content\/uploads\/2019\/06\/logo.png","width":319,"height":144,"caption":"Code & Pepper"},"image":{"@id":"https:\/\/codeandpepper.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/codeandpepper\/","https:\/\/x.com\/codeandpepper"]},{"@type":"Person","@id":"https:\/\/codeandpepper.com\/#\/schema\/person\/4d99a36115b17f10860637a13b3b3885","name":"Jaros\u0142aw \u015aci\u015blak","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/codeandpepper.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/ab028da5fc780b19966f305918b0045520176e8bc7c265540adcce45ab2cd0c9?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/ab028da5fc780b19966f305918b0045520176e8bc7c265540adcce45ab2cd0c9?s=96&d=mm&r=g","caption":"Jaros\u0142aw \u015aci\u015blak"},"description":"Branding, marketing, business scaling, content &amp; company culture specialist. Over 20 years of experience in marketing, strategy, and writing. Learn more by visiting: scislak.com","sameAs":["https:\/\/www.linkedin.com\/in\/jaroslawscislak"],"url":"https:\/\/codeandpepper.com\/author\/jarek-scislak\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/codeandpepper.com\/wp-json\/wp\/v2\/posts\/36073","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/codeandpepper.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/codeandpepper.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/codeandpepper.com\/wp-json\/wp\/v2\/users\/20413"}],"replies":[{"embeddable":true,"href":"https:\/\/codeandpepper.com\/wp-json\/wp\/v2\/comments?post=36073"}],"version-history":[{"count":21,"href":"https:\/\/codeandpepper.com\/wp-json\/wp\/v2\/posts\/36073\/revisions"}],"predecessor-version":[{"id":36438,"href":"https:\/\/codeandpepper.com\/wp-json\/wp\/v2\/posts\/36073\/revisions\/36438"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/codeandpepper.com\/wp-json\/wp\/v2\/media\/36342"}],"wp:attachment":[{"href":"https:\/\/codeandpepper.com\/wp-json\/wp\/v2\/media?parent=36073"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/codeandpepper.com\/wp-json\/wp\/v2\/categories?post=36073"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/codeandpepper.com\/wp-json\/wp\/v2\/tags?post=36073"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}