Article: Open Finance: An Alternative to Traditional Financial Services

Money, Open Governance

Open Finance: An Alternative to Traditional Financial Services

Also known as DeFi (decentralized finance), open finance can be defined as financial products and services built on public blockchains. While Bitcoin itself is technically considered a form of open finance, a new crop of open finance applications largely built on Ethereum are now at the forefront of innovation in the crypto and blockchain space.

These applications offer a glimpse at how the financial world might look if it were decentralized and truly open.

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