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Nairaland Forum / Nairaland / General / Investment / Benefits Of Defi � (113 Views)
CRYPTO: A Defi Company "Farmbit" Receives $240k Seed Funding / Claim $1000 Worth Of Defi Token Right Now / Learn How To Make Millions With Defi (2) (3) (4)
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Benefits Of Defi � by MrBlessed244628(m): 9:51pm On Nov 12, 2023 |
DeFi, or Decentralized Finance, offers these straightforward benefits: 1. **Financial Inclusion:** - DeFi allows anyone with internet access to access financial services, reducing the exclusion often seen in traditional systems. 2. **No Middlemen:** - It cuts out intermediaries like banks, reducing fees and making transactions more direct. 3. **Global Access:** - DeFi services are available globally, enabling cross-border transactions without reliance on local infrastructure. 4. **Transparency:** - Transactions are recorded on a blockchain, ensuring transparency and accountability. 5. **Cost Efficiency:** - By removing intermediaries, DeFi transactions are often more cost-effective. In essence, DeFi aims to make finance more accessible, transparent, and cost-efficient by leveraging blockchain technology.
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