Why Transferwise’s Co-Founder Backed This Blockchain Company

Why Transferwise’s Co-Founder Backed This Blockchain Company

2020 was a massive year for blockchain adoption, with some of the largest financial institutions worldwide buying or integrating cryptocurrencies into their business model. It was also a historic year for decentralized finance (DeFi) which has grown from less than $1 billion in total value locked at the beginning of January 2020 to almost $15 billion. As this technology continues to mature, more and more global organizations are beginning to understand the impact blockchain tech can have on increasing usability, transparency, and affordability of their platforms.

TransferWise, an online money transfer service based out of London, may not have integrated blockchain into its platform yet, but that doesn’t mean the company founders aren’t interested in the technology. Valued at over $5 billion and with over 2,000 employees, the founders of TransferWise have a deep understanding of what it takes for a platform to be successful in international remittance. TransferWise was co-founded by Taavet Hinrikus, a World Economic Forum Tech

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