Decentralized Finance (DeFi): The Future of Financial Services

Today, across the globe, millions of people are utilizing Ethereum Blockchain technology to lead finance operations. Individuals and businesses had shifted from traditional centralized financial systems to peer-to-peer finance, Ethereum blockchain-enabled by decentralized technologies. 

DeFi – Decentralized Finance is leading a variety of financial applications that are integrated with cryptocurrency or blockchain. DeFi has expanded the use of blockchain towards the most complex financial transactions. 

Here you go! Do you mind having coffee at the nearest cafe? Of course yes, and probably you might use your credit card to pay for it. This whole process of paying – between ‘you’ and the ‘business’ has a middleman involved in it. This middleman will be able to stop or pause and record the transaction in his private ledger. Certainly, Bitcoin has cut out these go-betweens during the transactions. 

But in the bigger picture, these financial intermediaries still take charge during the loans, insurance transactions, crowdfunding, predictive markets, margin trading, derivatives, and etc. The towering companies no more want these middlemen to take part in the financial transactions that are held between them and their customers. This idea of eliminating middlemen was brought to you by the DeFi – decentralized finance, most commonly referred to as “open finance”.

DeFi Brought in Revolutionary Changes

In regular financial systems, despite regular financial transactions, several challenges need to be addressed:

  1. According to the World Bank, about 1.7 billion people worldwide do not have access to financial services.
  2. Poor governance, corruption, lack of security protocols are unable to help individuals and businesses protect their wealth in the banks and corporations.
  3. Lack of transparency leads to a global economic crisis. Thus, there’s a need to protect the information and enhance transparency in financial operations.

DeFi Beats it All

Decentralized finance as open finance is growing day-by-day. Most businesses prefer DeFi for several reasons:

  1. No intermediary is required to carry financial transactions with other parties
  2. 24/7 Accessibility with no boundaries
  3. Relatively fast financial activities 
  4. Enhanced security interactions

Challenging the traditional financial systems, DeFi is approaching with innovative solutions to regular financial shortcomings. It has made globally accessible financial systems, enhanced transparency in the financial operations, removed the dependency on central banks and governments. 

PayCircle: One of the global DeFi platforms that offer unique payment solutions. The PayCircle application utilizes cutting-edge distributed ledger technology and had simplified the global payments system. The application has made financial transactions more secure and reliable across six continents. 

Single Point DeFi Platform

Multiple advanced protocols converge into decentralized payment application on PayCircle.

Trusted

Foster reliability through enhanced visibility and zero payment failure.

Lightning Fast

Facilitate instant payments for your family and business in real-time 24/7, 365 days.

Cost-Effective

Low-cost transactions help in capitalizing on operational expenses inducing business growth.

The premium PayCircle architecture offers extremely cost-efficient financial services that are fundamentally transparent, globally convenient, and backed with industrially best security protocols. Thus Paycircle ensures absolute safety and security to the customers’ assets.

Key Features of PayCircle
  1. Instant Settlements
  2. Store Digital Assets & Fiat
  3. Send/Receive Digital Assets & Fiat
  4. Advanced Fraud prevention
  5. Best Transaction Approval Rate
  6. Best Conversion Rates
  7. Extensive Global Coverage with Easy and Instant Integrations
  8. Lowest Transaction Fees
  9. USD Custody Insured by FDIC
  10. Best Digital Asset Prices

Learn more about the PayCircle application

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