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What is DeFi? Digital financial infrastructure. It's a new kind of digital marketplace that uses blockchain technology to power transactions. Users can transfer money to anyone in the world and use their own value to buy and sell. The Ethereum network is the second-largest cryptocurrency market, and the decentralized apps that make it possible can be accessed from anywhere in the world. This means that you can use them to make payments, send money, or invest in stocks and other financial instruments.
What is DeFi

Traditional financial systems require the use of a bank or brokerage service to make financial transactions. With DeFi, your assets are stored and backed by smart contracts. These contracts automatically execute financial transactions once you meet certain conditions, like the user's passcode. This eliminates the risks associated with banks and brokers. The only thing that keeps your assets safe is your passcode, and if you lose it, you lose all of them.

One of the main benefits of DeFi is that it doesn't require traditional identification requirements, so it is virtually untraceable. Argentines, for example, have been using it to escape crippling inflation. As a result, many companies have started paying their employees in DeFi. This means that you don't need to worry about the government or central law enforcers blocking payments. This means that you can pay your employees in DeFi, and you won't be bothered about identity theft.


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DISCLAIMER: I am not a financial advisor nor a CPA. These videos are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am only sharing my opinion with no guarantee of gains or losses on investments.

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