What is a decentralized financial network?
In a decentralized financial network, you can freely carry out financial business whenever and wherever. There are no institutions, no centers, people to directly carry out financial services such as deposit, loan, remittance, investment, etc.
If Libra realizes the potential of a borderless payment through stablecoin currency then it can truly achieve global exchange system then ZOS will realize the ability to achieve the global loan system through a decentralized financial network.
Just as we can use Uber to take a taxi in any country, users can directly request legal fiat currency borrowing in the network. Global compliant financial institutions will automatically match their rates, and users can obtain low-cost funds through network matching and competition. This inclusive financial network has more potential than possibly be imagined.
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The original article is in Chinese.
Original Article : https://bihu.com/article/1517496025
