• GlobalTechnoNews
• DeFi (Decentralized Finance) , WEB 3.0 and Blockchain
• July 21, 2024
• 131 views

Bridging the Gap: How DeFi is Integrating with Traditional Finance

As Decentralized Finance (DeFi) continues to gain traction, its integration with traditional financial systems presents a transformative opportunity for both sectors. This integration aims to leverage the strengths of blockchain technology to enhance accessibility, transparency, and efficiency in financial services. Key Aspects of DeFi Integration 1. Financial Inclusion DeFi aims to provide financial services to underserved populations, particularly in developing countries. By eliminating the need for traditional banking prerequisites, such as credit histories or formal identification, DeFi platforms allow…