Which industries are more likely to be disrupted by DeFi rather than fintech in the world of cryptocurrencies?

1 answers

• Shubham PradhanSep 12, 2022 · 3 years ago
  When it comes to disruption in the world of cryptocurrencies, DeFi has the upper hand over traditional fintech in certain industries. Lending and borrowing are prime examples of industries that can be disrupted by DeFi. With decentralized lending platforms, individuals can lend and borrow funds without the need for intermediaries, making the process more efficient and cost-effective. Remittances can also benefit from DeFi, as it enables peer-to-peer transactions without the involvement of traditional remittance services. Insurance and asset management industries can also be disrupted by DeFi, as it offers decentralized solutions for insurance coverage and asset management services. DeFi platforms provide individuals with more control over their assets and eliminate the need for intermediaries, making them attractive alternatives to traditional financial services.
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