For the benefit of newbies, Defi means Decentralized Finance and TradFi means traditional finance (like the normal banking system). Recently, I've had a lot of people asking why do we choose defi over tradfi these days and my response has always been these two:
the ease of transaction under anonimity
cross-border transactions are more secure and faster with defi especially on Ethereum and EVM dependent networks.
With the continued exploration of the power of blockchain, defi might just become the new way to make transactions in the future.
What are your thoughts?
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