DeFi, also referred to as ‘Open Finance’, is a set of Blockchain/DLT-based financial services and applications intended to augment or replace the currently existing financial system. It has the same core in receiving and giving money.
Underlying philosophy of Defi is that its built for interoperability which allows the ecosystem to benefit from individual progress, pushing decentralized finance continually forward. This is one of the key reasons that makes Blockchain one of the key Fintech trends for 2020 and beyond.
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