Summary of Darren Lau's How to DeFi 2nd Edition

Excerpt From Summary of Darren Lau's How to DeFi 2nd Edition



#1



DeFi is a movement that seeks to build a better financial system through the advent of the internet and blockchain technology, particularly in three key areas of the banking system: payment clearing system, accessibility, and centralization transparency.



#2



Direct foreign money transfers using cryptocurrencies are cheaper and faster than traditional bank transfers.