DeFi vs Traditional Finance: Open Banking Edition You've heard of Open Banking, right?
It's tech that allows financial services to access your bank transactions and data through APIs. Open banking's main purpose is to help you track and manage your finances better.
But, there's a problem...
Giving access to open banking providers puts your data at risk. You have to rely on centralized trust that your data is protected, isn't being shared, or isn't being used against you.
DeFi is inherently anonymous – people are more comfortable with their transaction history being accessible on the blockchain than they are with sharing bank account data with companies.
This is why DeFi can continuously produce elaborate systems and integrate it into things you use today, such as:
Websites
Desktop & Mobile Apps
Chrome Extensions
Telegram, Slack and Discord Bots
Chatbots
DeFi is the future of finance!
