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Benefits Of Defi � - Investment - Nairaland

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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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