Plutus Launched A DeFi Card for Bitcoin Following $5m Deal with Alphabit
May 27, 2021 18:20 BST
What started out as a niche sub-group of crypto has evolved, in a very short space of time, into a $139 billion industry. There is no denying that the rise of decentralised finance (DeFi), combined with interest in NFT's, have contributed significantly to the current bull run.
Now that the DeFi movement is in motion, it is clear that it is more than just a passing trend. Even big names such as Mark Cuban have described DeFi as being "Like the Early Days of the Internet".
DeFi stands for decentralised finance, which essentially means removing centralised financial middlemen such as brokerages, exchanges, or banks. With cryptocurrencies, users can send and receive money online without the need for a bank or a payment provider in the middle to permit the transaction.