Too Long; Didn't Read
Decentralised finance (DeFi) is helping solve some of the biggest challenges that businesses face today. DeFi has introduced several new concepts to the playing field that benefit consumers and businesses alike. The many benefits include safety and security as blockchain technology makes transactions impossible to manipulate and reduces the threat of identity theft and hacking. Cross-border trade is easy and there are no transactions fees or chargeback costs to pay because virtual funds don’t go through a bank and because crypto is a universal currency and is not linked to a specific country.