In DeFi, a wide range of financial applications is used to cut off the intermediaries. Intermediaries, in this context, imply banks, lawyers, and other non-banking financial corporations.
One of the major questions key players in the digital payment ecosystem ask is whether the future of cryptocurrency payments can be revolutionized by decentralized finance (DeFi).
DeFi stands for decentralized finance. The term decentralized stems from the fact that this model of financial transactions does not require any intermediaries.
DeFi is the acronym for decentralized finance. The obvious question that arises here is, how do we decentralize finance?