RATE Group | Op Ed: Bringing DeFi to Bitcoin Opens Up New Frontiers
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Op Ed: Bringing DeFi to Bitcoin Opens Up New Frontiers

09 Dec Op Ed: Bringing DeFi to Bitcoin Opens Up New Frontiers

Posted at 23:19h in Bitcoin News by

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Decentralized finance (DeFi), while still in its early days, promises to redevelop critical financial services in a way that is trustless, transparent and controlled by the consumer. This has major implications for people across the world with limited access to financial services but also to crypto traders and savvy investors who are looking for new tools and new ways of finding an edge. DeFi covers any conventional financial tools built on a blockchain, but in its present forms, almost all have been built on Ethereum. This has been a major limitation but one which presents interesting opportunities to propel the DeFi industry forward.

Bitcoin: The New Frontier of DeFi

Most DeFi platforms have so far failed to cater to other well-known digital assets, bitcoin among them. Nevertheless, bitcoin…

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