The DeFi Revolution

Modernizing Banking and Pushing the Boundaries of Web 3.0!

By: William Harman

Narrated by: Virtual Voice

Length: 40 mins

Publisher's summary

DeFi, an abbreviated portmanteau that means decentralized finance, is a fading buzzword that was most heard along with AI, blockchain, and Web 3.0 a couple of years back before being locked up for nearly 2 years due to a global pandemic. The good news is that you remember hearing the word, and the excellent news is that it's a subset of Web 3.0 technology that is set to empower every Internet user around the globe in a manner that democratizes financial tools in which the poorest individual with very little money to their name will gain access to educational, social, and software tools that will be free of charge, empowering, and give them entrance to a level of automation, AI tech, and a blend of DeFi and traditional markets that have been reserved for the wealthiest traders representing the largest hedge funds in the world in New York City up until just a few years ago. The future of commercial banking is DeFi as Layers 2, 3, etc... blockchain technology will increase the speed, access, and security of these platforms for users globally while meeting government regulations, allowing peer-to-peer transactions, smart contracts, full control over personal data, opportunities to become wealthy, and so much more. DeFi is a disruptive technology that will change finance forever as democratizes financial tools and security in combination with creating buffer layers for national commercial banks, thrifts, and credit unions while granting users access to every currency in the world that is tokenized as well as adding an underlying protection layer for fiat issued by major Central Banks throughout the world. All people will be able to purchase tokenized stocks, bonds, and commodities in a fractionalized manner in conjunction with trading stablecoins and cryptocurrencies, joining liquidity pools, using AI and automated trading, borrowing and loaning money, and engaging smart contracts that are over-collateralized. DeFi platforms will not only continue to educate people in the future, but they will also automate processes and slash overhead facing commercial banks and their clients. These savings will be passed on to consumers who will receive interest from storing their tokens on platforms in conjunction with being able to personalize trading experiences based on risk tolerance, the latest technology, automation, pooling, and much more. DeFi is revolutionizing banking, trading, incorporation of blockchain technologies, and AI in a manner that will allow the democratization of financial tools on a global level as well as allowing users access to currencies and stocks that would not otherwise be possible while increasing their wealth and meeting national and internal regulation criteria related to finance and taxation at a fraction of the cost of traditional banks. DeFi is the future of banking, empowers people, educates individuals, and is profitable. DeFi allows technology, the Internet, blockchain, and social engagement to allow individuals money to work for them in a secure and modern fashion!

"A rich man is nothing but a poor man with money." -WC Fields