Traditional Finance vs. Decentralized Finance

Gone are the days when people used financial institutions, banks and intermediaries to give them complete control of their cash. It is the era of smartphones and the connected world. In this digital world, people need more control over money, trustworthy services and transparency that were not available in traditional finance or TradFi.

Traditional finance is conventional, impervious and strongly controlled by centuries-old infrastructure. Although traditional finance was a popular method to lend, borrow, trade or invest money, still TradFi was not a…