DeFi Use Cases- RevInfotech Inc
Traditional banking systems often rely on a network of intermediaries, such as banks, payment processors, and clearinghouses, which can slow down transaction times and increase operational costs. By leveraging blockchain technology, DeFi applications facilitate peer-to-peer transactions that can be executed almost instantaneously. This reduction in intermediaries not only accelerates transaction durations but also leads to a significant decrease in fees associated with traditional banking services. As a result, customers can enjoy faster and more cost-effective financial transactions, which can enhance overall user experience and satisfaction.
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