For more than a decade, investors using traditional financial instruments have been experiencing difficulties due to ultra-low interest rates. For example, in the US, the average interest rate on savings is only 0.04%, in the UK – about 0.40%, and in the eurozone countries in 2021 – about 0.50% (in Spain and Germany – up … Read more
The whole point of DeFi is that they allow you to do without centralized licensed money keepers, that is, traditional banks. This means that DeFi is not just another unwanted breakthrough of the crypto industry for existing banks. This is a real threat. DeFi and cryptocurrency are part of a broader cultural shift, as a … Read more