Decentralized finance as a new globalization accelerator -Breaking
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People with a good knowledge of history might be familiar with the cities-states that existed in medieval Europe. In those days, merchant caravans moved from one city to the next, carrying luxury goods and information from distant places. These merchants had the freedom to choose their own lifestyle. This concept is very similar to Michael Ondaatje’s in his book. English Patient. He envisioned total freedom and no borders, which would allow people to pursue their goals of development and advancement without being limited by nationalities or other countries.
Decentralized finance allows more people to access the financial market. It is the start of an open world. DeFi has been highly positive from the standpoint of wealth accumulation and cheaper financing, giving new meaning to the concept of “finance for everyone.” By removing intermediaries via the use of blockchain technology, DeFi widens the scope of financial transactions while significantly lowering their costs. DeFi, as it turns out, is the future for finance and all other industry sectors. There is only one remaining question: Is it possible to get there so fast?
Katia ShabanovaForward PR Studio is the founder. She has over 20 years experience in implementing IT programs, ranging from Fortune 1000 companies to pre-IPO start-ups. She holds BA in English philology and German studies from Santa Clara University in California and earned a Masters in philology from the University of Göttingen in Germany. She’s been published in Benzinga, Investing, iTWire, Hackernoon, Macwelt, Embedded Computing Design, CRN, CIO, Security Magazine and others.
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