Ethereum and Decentralized Finance (DeFi) are the beginning of the solutions.
DeFi enables ordinary people to bypass the big, slow, and inefficient traditional financial system. With DeFi, users can instantly open accounts, earn substantial interest, and borrow / borrow money instantly. These skills are revolutionary in themselves, and incredible, they’re just the beginning.
DeFi isn’t just useful for individuals and businesses looking for more efficient ways to manage their money. The DeFi business model, with its reliance on smart contracts, also allows us to build the most efficient companies we’ve ever seen. Companies with fewer than 50 employees can compete with gigantic, legacy financial institutions with hundreds or thousands of employees. (Yes, I agree. The similarities with the internet are inspiring.)
DeFi is changing the value proposition for people. Rather than just offering another way to fight inflation, crypto now offers a variety of financial services that put more money in the consumer’s pocket and cannot be replicated in the traditional financial world.