DEFI is superior to traditional banks

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Image By @steemitblog

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Since the @stmitblog post about the defi contest, I started looking for information on the internet almost every day, I have read dozens of blogs to find answers about the benefits that will be received with defi, and in the end i find some interesting answers about defi.

DeFi is a system that aims to provide the best financial services, open, transparent and available to everyone without any centralized authority.

With smart contract technology, it is very likely that Defi developers will build more powerful Defi functionality not just for sending or receiving crypto.

Even though Defi can be accessed openly, users will have full control of their assets through the decentralization application.

In financial matters, Defi will be superior when compared to traditional banks, because Defi has advantages that traditional banks simply do not have.

The main advantages of defi is : Defi does not need intermediaries to make transactions, while traditional banks need intermediaries

Besides not requiring intermediaries to make transactions, Defi will never be closed because defi stands on the blockchain , unlike traditional banks, they will close it when a problem occurs, for example a crisis.

Easy access and minimizing costs, are the advantages that most benefit users, this is owned by defi while traditional banks do not have it.

Everyone will be very easy to join defi, because defi does not ask prospective members to prepare requirements such as joining a Conventional Bank.

if you join a traditional bank it takes 5 hours to prepare your requirements and wait for the queue, while joining a defi is not like that at all.

Apart from some of the things that I mentioned above, the most superior of defi is, cross-country payments will be cheaper when compared to conventional banks.

In this case, many investors, especially from Indonesia, will come to defi, because their money will not be drained to buy gasoline for bank employees.

Lately many entrepreneurs from Indonesia have complained that international payment fees are very expensive, and Defi will be the right solution for them.

of the many blogs that I have read, what I can conclude for Defi is :

The purpose of establishing Defi is none other than to build a more independent financial service, unlike traditional banks which are fixated on government policies.

Notes: I learned all the contents of my posts from the internet, if there are similarities in writing I'm sorry, and I am still digging for information about defi, after I get a more accurate answer, I will share it with you.