FinTech brought technological innovation to many financial activities, including banking, insurance, trading, asset management, etc. It leveraged cloud computing, application programming interfaces, big data, and artificial intelligence, making financial services instantly available on any device. With the rise of Fintech, it has drastically changed and become unprecedentedly innovative.
In fact, current traditional finance is already not so traditional in many aspects. With the rise of Fintech, it has drastically changed and become unprecedentedly innovative. They offered a convenient interface, a wider range of products, more accessibility to capital for younger and riskier clients, and 24/7 support. No more bureaucratic paper nightmare. All became easily possible from a mobile phone.Intermediated framework.
Not an issue. We have Web3 technology as a solution. Its mission is to overcome all these old-school challenges and offer a better reality instead.Web3 is an umbrella term for the solutions leveraging blockchain technology and facilitating decentralized alternatives to traditional service providers and market structures.
that make it possible to transfer value from one blockchain to another without losing on security and data reliability.Low entry barriers to access the capital: no KYC/AML, credit score assessment, and risk profile. All you need is just an understanding of the products you are interested in and how to harness the infrastructure. One more thing: as DeFi stands for users' complete control over their assets, you have to develop increased responsibility for the management of your private keys.
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Source: Forbes - 🏆 394. / 53 Read more »
Source: Forbes - 🏆 394. / 53 Read more »