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What is decentralized banking?

Answers (1)

Arsalan Afzal
Feb 22, 2022 06:31:46

Decentralized banking is a system where the power to create money is delegated away from a central authority and spread out among many different people or organizations. This can be done through various means such as peer-to-peer networking, digital currencies, and other blockchain technologies. The goal of decentralized banking is to create a more equitable and efficient financial system that allows for more people to participate in the global economy. By removing the need for centralized control, it becomes easier for people all around the world to access banking services without having to go through a middleman.

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