Unlike traditional banks, they loans are executed almost instantaneously and the conditions in terms of interest are very advantageous. We will simply have to interact with a Dapp, make the required guarantee deposit and we will have the loan money in our possession in a few minutes.
DeFi plays an important role in the evolution of the financial sector for several reasons. Mainly because DeFi expands the functionality and reach of the money since all you need to participate in the DeFi sector is a smartphone. This gives it enormous potential to expand the global economy and it has well proven this by being the fastest growing crypto sector today.
Undoubtedly, in next months, fewer and fewer people will have doubts about what DeFi or decentralized finance is, as these will gradually become a fundamental and basic part of the crypto space.