Decentralized Technology The goal of DeFi is to make financial transactions more secure, more accessible, and more open and internationally universal. In other words, DeFi is a global, more accessible, open alternative to everyday mainstream financial services- savings, loans, trading, insurance and more.
DeFi makes finance accessible to anyone in the world with a smartphone and internet connection. This is an entirely new financial system consisting of applications built on decentralized technology, rather than being controlled or regulated through one centralized entity. Check disclaimer on my profile.