Eazi🎩🔵⚡
@eaz
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How does DeFi impact traditional finance?
Decentralized Finance (DeFi) has the potential to significantly impact traditional finance in several ways:
Disintermediation: DeFi platforms and protocols enable peer-to-peer transactions, eliminating the need for intermediaries like banks, brokerages, and other financial institutions.
Increased Accessibility: DeFi provides access to financial services for underserved or marginalized communities, promoting financial inclusion.
Reduced Costs: DeFi transactions are often cheaper and faster than traditional financial transactions, reducing costs for consumers and businesses.
Improved Transparency: DeFi transactions are recorded on a public ledger, making them transparent and tamper-proof.
New Business Models: DeFi enables new business models, such as decentralized lending, borrowing, and trading, which can disrupt traditional financial industries. 1 reply
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