DeFi vs Traditional Banks: The Battle for the Global Economy with Zero Entry Costs

Anton Bukov, co-founder of 1inch, a decentralized exchange, has explained that operating procedures in DeFi are much cheaper than those that traditional banks use. During Dutch Blockchain Week in Amsterdam, Bukov explained that verifying documents and setting up accounts for a user at a traditional bank can cost $100-300. In comparison, online banks incur only […] The post DeFi vs Traditional Banks: The Battle for the Global Economy with Zero Entry Costs appeared first on Coin Edition.