Why DeFi Could Foster the Killer App of Bankingby@ras
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Why DeFi Could Foster the Killer App of Banking

September 8th 2020
3 min
by @ras 1,102 reads
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Decentralized finance, or DeFi for short, could become a killer app of banking. DeFi is an ecosystem of financial applications built on top of the blockchain that operates without any third-party or middle-man. Its economy has grown by a massive $4 billion in 2020, and it’s now one of the fastest-growing segments in the financial sector. The only genuine decentralized financial application is Bitcoin, it enables anyone with access to the internet to store and transfer money without a centralized party.

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