Why DeFi Is Better Than Banks?
📊Decentralized Finance or DeFi offers financial tools without depending on intermediaries like brokerages, exchanges, or banks by using smart contracts on a blockchain.
📌DeFi uses technology to remove centralized finance models by allowing anyone to use financial services anywhere and gives the power over the deposited money and digital assets directly to the user. On the other hand, banks control the money in their users’ bank accounts.
🏦DeFi eliminates the fees banks and financial companies charge when someone uses their services. Owner holds their assets in a secure digital wallet that can be transferred in minutes. Remember that anyone with an internet connection can use DeFi.
💡With DeFi, you can do most of the things that banks support, like earn interest, lend, borrow, buy insurance, trade derivatives, trade assets, and more, but it’s faster and doesn’t require paperwork or a third party. You are the authority over your money and digital assets. You have the choice between saving, staking, lending, and borrowing.
🚀Coinswap Space is an Incentivized DeFi Protocol that provides a suite of products and services in a Decentralized Finance Environment.
Read and learn more about “Why DeFi is better than Banks?” Here: https://bit.ly/3CkSmK7
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