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to access financial services such as lending, borrowing, and trading directly through decentralized protocols, eliminating the need for traditional financial intermediaries. This has enabled greater f...
with an internet connection and a compatible device, allowing for financial inclusion for individuals who may not have access to traditional banking services. Another advantage of DeFi technology is ...
nature. Unlike traditional financial institutions that have central control over financial transactions, DeFi technology operates on a distributed network of computers, known as blockchain. This decen...
send, and receive money electronically. With the proliferation of mobile payment apps like Apple Pay, Google Pay, and PayPal, digital wallets are becoming increasingly popular for making transactions ...
Created on: 2024-08-31 22:31:12