From Banks to Blockchain: Understanding the Shift from TradFi to DeFi

Decentralized Finance (DeFi) represents a blockchain-based alternative to traditional finance (TradFi), enabling peer-to-peer transactions without banks or intermediaries. While TradFi depends on centralized institutions, DeFi relies on smart contracts, offering transparency, speed, and global accessibility.

The Future: A Hybrid Financial System
Rather than a competition, the future may lie in DeFi-TradFi integration. Central banks are exploring digital currencies (CBDCs), and institutions are embracing blockchain-based solutions. A hybrid model could merge DeFi’s speed and inclusivity with TradFi’s oversight and security. https://fintecbuzz.com/wha...