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Decentralized Finance(DeFi) vs Traditional Payment Institutions

With the rising craze for blockchain technology and decentralized finance (DeFi), which promises to provide traditional financial facilities like payment options and loans without any lengthy transaction process or high fees from a bank, trade groups for banks are concerned about the high risks involved in decentralized finance. As the foundation of blockchain is laid on decentralization, it eliminates the middleman earning fat fees.




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