DeFi is an open financial system. It provides you control and visibility over your money.
DeFi exposes ordinary people to global markets with alternatives to local currency and banking options. Anyone with an Internet connection can have access to DeFi products/services.
Defi is also is known as decentralized financee which leverages existing blockchain technology into a decentralized micropayment platform without any intermediaries. Defi is one of the technological concepts which got huge requirements from the banking sector as well as from those who deal with a large number of the financial transaction.
Cryptocurrency transactions are accepted in most of the countries around the world as it facilitates with an easy and fast transfer of money within seconds with an assurance of no middlemen.