Decentralized finance, or DeFi change everything about global finance.
In fact, it could lead to borderless, open alternatives to just about every financial program out there – bank accounts, loans, trading, you name it. All while eliminating the need for a central authority like you’d find in traditional finance. That could be beneficial for companies, such as Tokens.com Corp. (NEO:COIN), Canaan Inc. (NASDAQ:CAN), Riot Blockchain (NASDAQ:RIOT), Marathon Digital Holdings Inc. (NASDAQ:MARA), and Coinbase Global Inc. (NASDAQ:COIN).
In addition, according to Peter Wall, head of Argo Blockchain, as quoted by Forbes, “The need for an accessible, transparent, and secure system has become increasingly apparent, with centralized entities and banks continuing to fail communities seeking trustworthy financial freedom. Decentralized finance can offer improved transparency and more robust security while replacing many of the current outdated processes which can lead to a truly decentralized and democratized financial ecosystem.”