Forex on the Blockchain?

Traditional Forex trading has several shortcomings and with the sheer amount of value handled (estimated to be around $6.6T daily), the financial ecosystem is vulnerable to settlement risks, red tapes, etc and a complete migration from CeFi to DeFi has the potential to solve this.

Doing so would massively boost DeFi's adoption as a whole and massively revolutionise all transactions making them seamless, automated, instant and transparent (as all transactions can then be verified on the Blockchain owing to them being recorded on a public ledger).

Read more here: https://medium.com/onomy-protocol/what-is-forex-trading-83afce5f43d0