Article: Decentralized Finance Is Building A New Financial System

Blockchain, Crypto, Decentralized Internet, Money

Decentralized Finance Is Building A New Financial SystemDecentralized Finance Is Building A New Financial System

DeFi challenges this centralized financial system by disempowering middlemen and gatekeepers, and empowering everyday people via peer-to-peer exchanges.

“Decentralized finance is an unbundling of traditional finance,” says Rafael Cosman, CEO and co-founder of TrustToken. “DeFi takes the key elements of the work done by banks, exchanges and insurers today—like lending, borrowing and trading—and puts it in the hands of regular people.”

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