Why Should We Embrace DeFi as Financial Institutions?
Brad Yasar recently published an article on techbullion.com about DeFi, where he covers the topic around its growth and why we should embrace it as financial institutions.
“The decentralized finance (DeFi) space has long been occupied primarily by single entities and small companies. For example, crypto investors and small software organizations are some of the primary proponents of decentralized finance worldwide.
Traditionally, financial institutions have treated DeFi with a level of skepticism. Some banks and investment firms have even considered it an existential threat to their business.
But some licensed and regulated financial institutions, like EQIFI, embraced DeFi and launched innovative platforms to connect more customers with decentralized financial products. Banks have an important role in improving access to DeFi products as well, and they could realize significant gains by adopting it now.”
