DeFi removes intermediaries like banks
Image: LERK, CC BY-SA 4.0, via Wikimedia Commons
DeFi removes intermediaries like banks
This decentralized approach allows users worldwide to access financial services directly, promoting financial inclusion and reducing reliance on centralized authorities.
Example
A user can lend or borrow funds directly through DeFi platforms without going through a bank.
Remember this
Removing intermediaries can lower transaction costs and increase efficiency in financial services.
Text adapted from Wikipedia, licensed under CC BY-SA 4.0.
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