20/08/2020
Hey Guys!
Decentralized Financial Services (Defi) is technically replicating what has been done with financial services that we are used to receiving from traditional banks: lending, borrowing, burning interest on your savings, and much more. DeFi is here to over throne traditional banks, yet the billions of dollars worth institutions are still blind to the new age of finance.
Check this out ⬇️
https://blog.census.cx/2020/08/20/can-defi-replace-your-bank/
Banks have been around for hundreds of years. The first banks started out as places that held gold in deposit and gave you a receipt that you could use to get your gold back. From there, some banker got the wild idea to make the note itself transferable to other people. Paper money was born