What is DeFi?
By Anamika Patel • 04 June 2022
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DeFi stands for ‘decentralized finance’. It’s an emerging fintech class of solutions and companies based on secure distributed ledgers similar to those used by cryptocurrencies.
Consumers using DeFi products and solutions hold their money in a secure digital wallet instead of using a bank, eliminating the numerous fees charged by banks and other financial institutions in the traditional banking system for holding an account or executing transactions. Not only i
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