Too Long; Didn't Read
Max Krupyshev explains the subtle differences between decentralized finance and neobanking apps. Both form part of the wider fintech industry, and both can change the way people view and use money. Neobanks and DeFi apps are hard to define where they start and end, but you shouldn't lump them together. A DeFi app is an app (mobile, web-based or desktop) that lets you manage your crypto assets in a decentralized way – that is, trustlessly via smart contracts. A neobank is a bank that doesn't have any physical branches; everything is done online.