The Future of Money: How Decentralized Finance (DeFi) is Changing the Financial Landscape

Introduction The financial industry has undergone significant changes over the past few decades, with the advent of new technologies and innovative financial products. However, the recent rise of decentralized finance (DeFi) has the potential to disrupt traditional finance and change the way we think about money. DeFi, also known as open finance, is a financial system built on blockchain technology that enables the creation and exchange of financial products and services in a decentralized manner. This means that there is no need for intermediaries such as banks or other financial institutions to oversee transactions. Instead, transactions are executed automatically through…...