Business

Decentralized Finance as a New Globalization Accelerator According to Cointelegraph



Good history learners may remember medieval European cities. In those days, caravans of merchants traveled from city to state, carrying luxury goods and news from faraway places. It was this lifestyle that gave these merchants freedom of movement and choice. It is a concept very similar to the one described by Michael Ondaatje in his book British patient. The author envisioned complete freedom, with no borders or nationalities restricting people in their efforts to develop and progress.

Today, broader access to financial markets through decentralized finance marks the beginning of the open world. DeFi has been very active from the point of view of wealth accumulation and cheaper finance, giving new meaning to the concept of “finance for all”. By eliminating middlemen through the use of blockchain technology, DeFi expands the scope of financial transactions while significantly reducing their costs. It is clear that DeFi is the future of finance and other industries. The only question left is: How quickly will we get there?

Katia Shabanova is the founder of Forward PR Studio, with over 20 years of experience implementing programs for IT companies ranging from Fortune 1000 corporations and venture capital funds to pre-IPO startups . She holds a bachelor’s degree in English philology and German studies from Santa Clara University in California and a Master’s degree in philology from the University of Göttingen in Germany. She has been published in Benzinga, Investment, iTWire, Hackernoon, Macwelt, Embedded Computing Design, CRN, CIO, Security Magazine and others.