How DeFi Is Going to Change the Fintech World

DeFi
Photo by Shutterstock
  • Encourage customers’ long-lasting loyalty.
  • Provide an opportunity for increased engagement.
  • Automate processes to improve customer journey mapping.
  • Distribute resources to meet client concerns more efficiently.
Web 3.0
  • Since blockchain technology is constantly evolving, protocols and platforms that supply financial services are likely to change quickly. This has the potential to catch businesses and entrepreneurs off-guard.
  • DeFi will probably suffer from bugs and glitches since it’s still in the first stages of development. This will slow its progress and popularity among investors.
  • Regulations that apply to the traditional financial system, such as KYC (Know Your Customer), and AML (Anti-Money Laundering) do not necessarily apply to DeFi.
Blockchain technology

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store