Is It Now the Time to Replace the Banks with DeFi?

3 min read

DeFi a.k.a. decentralized finance is here to over throne traditional banks, yet the billions of dollars worth institutions are still blind to the new age of finance. What are the services that come to your mind when you think of a traditional bank? Checking accounts Loans Savings accounts Debit and credit cards Merchant services (credit card processing, reconciliation, and reporting, check collection) Treasury services (payroll services, deposit services, etc.) Or whatever you can think of as a financial service that a bank provides is called decentralized finance, in short DeFi, when you use a blockchain to automate them. To be…...

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Furkan Saatcioglu Working full time to implement new technologies. Spending the rest to discover & execute investments. Using whatever is left to share the knowledge from both.