DeFi Will Play a Major Role In Global Finance

There is no question that DeFi - decentralized finance - will play a major role in the crypto space. We're already seeing quite a lot of activity in DeFi with over $2.5 billion USD in the ecosystem already.

The DeFi boom can't go understated, but there are quite a few people who miss the global point.

Source: DeFi Pulse

When I look around and see what people are saying about DeFi, I see them talking about how they can use their crypto to earn crypto. How they can essentially be their own bank.

I love this idea and I think it is essential to an abundant future for humanity.

A lot of people still miss the broader point, however. They see the potential to make money on their crypto, but they miss the fact that DeFi could truly be the global financial revolution that we've all been waiting for.

Global finance is on the cusp of a revolution. With over 2 billion people unbanked worldwide, there is a major void in the market for self-serving financial services and DeFi has the potential to bring those services to the masses - no matter where they reside.

“We are very bullish on the future of DeFi and truly believe that its products will be integral in the lives of many in the coming years. [...] DeFi is especially relevant at a time when fiat currency is starting to raise questions from people about unchecked [quantitative easing] that could greatly reduce the purchasing power of their money.” - CEO of Crypto Exchange OKEx

With DeFi on the bleeding edge of breaking out into the mainstream (similar to what we saw for Bitcoin in 2017), I think services like Compound and MakerDAO are about to explode in activity... even more so than what we've seen in recent months.

Strap in, the next 6-18 months will be VERY interesting for the crypto/defi space!

Posted Using LeoFinance