Exclusive- Pendulum Co-Founder Asserts WEF Cannot Hinder Crypto Innovation

In an exclusive interview with Finbold, Alexander Wilke, co-founder of Pendulum, a public blockchain that bridges traditional finance and decentralized finance (DeFi), asserted that major global organizations like the World Economic Forum (WEF) cannot impede the growth of the crypto sector. Wilke emphasized that the crypto industry, particularly through DeFi use cases, is poised to disrupt the financial landscape.

As Bitcoin (BTC) prices attempt to recover from significant losses in 2022, Wilke explained the correlation between Bitcoin's price movements and macroeconomic factors such as inflation and central bank interest rates. He also discussed the short- and long-term impacts of recent bankruptcies within the crypto space.

Wilke further elaborated on Pendulum's roadmap progress and the challenges faced in developing a decentralized and secure blockchain infrastructure. He shared the company's plans for seamless integration with banking networks in 2023 and beyond.

Key Insights from the Interview:

• Real-Life Use Case: Pendulum aims to facilitate instantaneous cross-border payments, significantly reducing costs and transaction times compared to traditional banking methods.

• Convergence of Forex and DeFi: The decision to merge forex with DeFi is driven by lower on-chain costs and increased capital efficiency, allowing for better liquidity aggregation.

• Roadmap and Challenges: Pendulum's blockchain development began in 2021, with a focus on building a secure infrastructure and addressing the complexities of bridging assets from Stellar to Pendulum.

• Regulatory Compliance: Pendulum is committed to working with compliant stablecoins and developing infrastructure that supports financial institutions' entry into DeFi.

• Liquidity Solutions: Initial liquidity will be provided by partners and the community, with reward programs to encourage liquidity provision for efficient cross-border payments.

• Impact of WEF on Crypto: Wilke believes that the WEF's stance on cryptocurrencies will not significantly affect the industry's growth, as DeFi continues to offer substantial advantages.

• Bitcoin Price Outlook: While speculative, Wilke sees a correlation between Bitcoin's price and macroeconomic factors, hoping for a positive shift in the market.

This interview highlights Pendulum's strategic vision and its commitment to enhancing the integration of decentralized finance into traditional financial systems.

FAQs about Pendulum and Crypto Innovation

1. What is Pendulum?
Pendulum is a public blockchain designed to bridge traditional finance and decentralized finance (DeFi), facilitating seamless cross-border payments.

2. Who is Alexander Wilke?
Alexander Wilke is the co-founder of Pendulum, and he has extensive experience in the blockchain and finance sectors.

3. How does Pendulum aim to disrupt traditional finance?
Pendulum seeks to reduce costs and transaction times for cross-border payments, making them more efficient compared to traditional banking methods.

4. What is the relationship between Bitcoin prices and macroeconomic factors?
Wilke explains that Bitcoin's price movements are influenced by macroeconomic factors such as inflation and central bank interest rates.

5. What challenges has Pendulum faced in its development?
Pendulum has encountered challenges in building a decentralized and secure blockchain infrastructure while ensuring seamless asset bridging from Stellar.

6. How does Pendulum plan to integrate with banking networks?
Pendulum aims to create a secure infrastructure that allows for the integration of compliant stablecoins and supports financial institutions' entry into DeFi.

7. What role does liquidity play in Pendulum's operations?
Initial liquidity will be provided by partners and the community, with reward programs designed to encourage liquidity provision for efficient cross-border payments.

8. How does Wilke view the influence of the World Economic Forum (WEF) on crypto?
Wilke believes that the WEF cannot significantly hinder the growth of the crypto industry, as DeFi continues to offer substantial advantages.

9. What is Pendulum's roadmap for the future?
Pendulum's roadmap includes plans for further development of its blockchain infrastructure and enhancing cross-border payment solutions in 2023 and beyond.

10. What is the outlook for Bitcoin prices according to Wilke?
While speculative, Wilke sees a potential positive shift in Bitcoin's price, influenced by macroeconomic conditions and market sentiment.