Will Crypto Hit a Ceiling? Crypto Companies Aim to Prevent It
07 April 2022 - 12:00AM
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In November of 2021, the crypto market cap reached a peak of 2.8
trillion USD, putting it on par with Apple’s market cap and bigger
than Microsoft’s, sending a clear message to the world; Crypto is
here to stay. Despite this massive achievement, there has been
significant push-back from institutions and banks around the world
clinging tightly to their old notions of what defines “money”.
These regulating bodies want to strike a balance between
centralized and decentralized finance (DeFi). Several countries
have already accepted crypto as legal tender, and others have
either implemented or begun to implement their own Central Bank
Digital Currencies (CBDCs). While this is a step in the right
direction, the infrastructure to join both the DeFi crypto and
centralized CBDCs is severely lacking. This prevents corporations
and businesses from being able to truly adopt cryptocurrencies in a
viable manner. Businesses need an easier way to adopt crypto from a
large-scale economic standpoint, as current DeFi products and
services are not catered to, or designed with, big businesses in
mind. In addition, the learning curve for crypto is steep for both
individuals and corporations alike. Until these differences can be
reconciled, crypto will struggle to break through that “ceiling”
and attain wide-scale adoption. A Blockchain Startup Looking To
Help Breakthrough Parrotly Finance Inc‘s mission is to fill that
void and bridge the gaps that currently exist between decentralized
crypto usage and the centralization needed for large businesses and
corporations. They also strive to reduce the learning curve needed
to be able to partake in the budding crypto space, allowing the
masses to embrace the change. Parrotly Finance envisions a world
where businesses and individuals alike will no longer need to
choose between centralization and DeFi, but to have a hybrid of
both that will pave the path to the future of finance with the
combined benefits of centralization and DeFi. One of the first
products currently in development that will enable the first steps
towards this vision is the Flock Wallet. It is a proprietary
cryptocurrency wallet that is unlike any other available DeFi
crypto wallet. The Flock Wallet combines the benefits and structure
of traditional bank accounts, with the innovation of DeFi wallets
to cater to large businesses and organizations requiring the
functionality of a standard business bank account: Multiple users
Modern UI/UX Multi-level authorization/permissions tiers Accounting
Tools KYC Much more A beta of the individual core wallet functions
is targeted to be released in Q4 of 2022 and will incrementally
roll out additional features and functionality in segmented
upgrades to the Flock Wallet, bringing a truly unique product to
businesses and individuals alike. Parrotly Finance Inc has already
begun phase 1 of their development, releasing an NFT series that
provides their members exclusive real-world benefits and discounts
with Parrotly Finance’s partners to test pilot alternative utility
cases for NFTs. The next step Parrotly Finance is taking is to
release a DeFi token called PBIRB. This token will serve as the
native currency used in Parrotly Finance’s products and services.
PBIRB is a deflationary cryptocurrency and burns 2% of every sell
transaction to reduce its supply over time. The presale for $PBIRB
begins April 16th and ends April 19th, at which point the entire
remaining supply will be paired on the polygon network to Matic,
and the liquidity pool tokens will be burnt to ensure that the
liquidity is never removed. PBIRB token was also audited both prior
to, and after deployment. More info of the token can be found on
Parrotly.Finance website. In summation, Parrotly Finance Inc has
identified an area of strong need in both the centralized and
decentralized spaces and is working to solve those needs with
easy-to-use and easy-to-understand products and services.
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