Early this December was another exciting time in blockchain and FinTech sector. Bangkok packed with blockchain experts from Tokyo, Singapore, Hong Kong, South Korea, and China. This was a special moment for Thailand and whole Asia.
The main topics were: Scalability, DeFi and what business will be left for banks.
In backstage and during the after-party, even bolder statements were made than on stage, also more progressive ideas were voiced out.
For example: Stakeholders in RENTA let themselves be heard, that they have established a price floor of 80% on the market rate of RENTA.
In response, Global Dollar stakeholders countered by claiming that they would support the market price if it fell below 90% of the current market price.
In every case, the price floor is an instrument that was noticeably absent in the crypto ecospace.