With DeFi, the power is returned to the individual, as they have direct control over their assets and can participate in various financial activities.
that allow for a range of financial activities, such as decentralized lending, borrowing, staking, and trading.
Digital assets can facilitate cross-border transactions and enable peer-to-peer lending, which could potentially reduce the need for traditional banks to serve as intermediaries. Additionally, blockchain technology, which is the underlying technology behind many digital assets, can provide greater transparency and security in financial transactions. It’s like putting a bank vault on the blockchain and giving everyone the key.
However, some banks may be less supportive of digital assets than others. This can create challenges for those who want to use these technologies but face resistance from their banks.
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