Comment on page
Renegade - bridging the gap
Renegade was founded on the belief that everyone has control over their money, data and identity. We believe that decentralisation holds the key to empowering people around the world to better safeguard their rights, and that we are helping the world move in this direction by accelerating the transition to adopting cryptocurrency.
Can traditional financial players provide the fast, efficient, affordable financial services businesses and individuals need? The answer is no. They can simplify their front end operations, but the machinery behind it still causes problems because of the way it is structured. For example, someone making an international transfer is still charged even if the transaction isn’t cleared. To make matters worse, it will probably take a long time for them to become aware that the transaction has been declined, an additional headache for both businesses and individuals.
Let’s be clear. Traditional banking has been with us for hundreds of years, and has done a decent job of stimulating economic growth. But now it is lagging behind. Emerging technologies are already there and ready to be adopted, but by failing to do so these companies are both depriving their customers of the gains these new technologies bring and making themselves vulnerable to competition from new entrants. And these new players don’t depend on a long chain of intermediaries to offer their products to the market.
Blockchain might just be the technology that will change how we perceive financial and banking services; completely new ways of adding value to customers will emerge.