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How DeFi And Traditional Banking Can Collaborate For Mutual Benefit

July 19, 2023

Via: Forbes

The emergence of decentralized finance (DeFi) has ushered in an exciting wave of financial innovation, and it could revolutionize the way consumers engage with traditional banking systems. DeFi provides a seamless process for lending and borrowing, trading digital assets, making payments and remittances, and fundraising without any intermediaries.

For centuries, traditional banking has held a firm grip on the financial industry, providing stability, comfort and regulatory oversight. However, as DeFi gains traction, a serious question arises: Can these two worlds collaborate for the benefit of all?

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