The latest entrant in the blazing hot decentralized finance arena, Teller’s goal is to provide a bridge between traditional finance and DeFi adoption “by lowering the industry’s barrier to entry.” Specifically, by eliminating the need to put up crypto collateral often worth 150% or more of the amount borrowed. Teller also will incorporate data from legacy credit scoring systems including Equifax.
Blockchain and Cryptocurrency: People, Culture and Tech