Is Defi the Future of Banking?

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IS DEFI THE FUTURE OF BANKING?
2
Introduction

• Its 2022, and the crypto community seems to
  concur with Bitcoin failing as p2p digital cash
  and Ethereum not becoming the worlds computer.
  Now, trillions of dollars are exchanged in the
  crypto DeFi space. No wonder entrepreneurs rush
  to get DeFi development solutions and join this
  growing crypto economy. As more people enter the
  digital asset space, DeFi will increase its
  capabilities and become very robust in terms of
  security. So Defi development solutions get
  millions of users in this digital era, and in the
  future, it grows with more users.

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Rise Of DeFi Fintech Services

• Traditional models make lending and borrowing
  based on collateral but that's Defi makes the
  same much easier and faster than traditional
  models. DeFi exceeds the traditional financial
  systems as well as predominance and has the
  potential to truly revolutionize modern finance.

4
Secure from cyber attacks

• The traditional model is not Secure from cyber
  attacks
• In a single day, millions of transactions are
  processed in the financial services industry,
  where transparency, security, and cost-efficiency
  are of the utmost importance but money transfer
  and stock exchange services, are targeted by
  cyberattacks.
• Defi secured from cyberattacks
• In addition, DeFi adoption has fed the growth of
  DeFi-based prediction platforms, where users can
  trade value by exactly predicting the outcomes of
  upcoming events. Likewise, all blockchain
  transactions are open to the public for
  verification and validation.

5
Payment process

• Payments can be increased faster, cheaper, and
  more efficiently by using digital currencies and
  distributed ledger technology. Even central banks
  are asses with blockchain because it has the
  inherent to save time, money, and effort. It can
  also simplify real-time gross settlement among
  central, commercial, and independent banks.

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KYC process in DeFi

• As KYC has become an important process in
  financial services, blockchain technology can
  assist banks in streamlining their KYC process.
  It has the potential to automate customer
  identification by providing a single digital
  source of ID and other information, allowing for
  the flawless exchange of documents between banks
  and other sources, diminishing fraud, and
  increasing real-time authentication.
• The financial services industry is looking to
  DeFi for more secure and efficient technology
  sources. As more people enter the digital asset
  space, because future banking comes in DeFi
  models so start now your Defi solutions with a
  leading DeFi development company.

7
Which is the most reliable DeFi development
company

• Addus technology is a high-performing
  decentralized financial development company that
  constantly delivers Defi development services
  such as Defi Daap development, Defi token and
  wallet creation, Defi smart contract development,
  and more. Join hands with us and participate in
  the upcoming fintech revolutions and begin making
  huge profits.
• Check here for a live free consultation

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Conclusion

• Also, talk to their business experts directly
  via,
• Whatsapp [phone]
• Mail business_at_addustechnologies.com