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RE: DeFi + ODL Propitiate The End of SWIFT Transfers
DeFi allows you to do many things. Broadly speaking, there are two main aspects:
- Recreate traditional financial operations, but with the implementation of crypto.
- Create new financial instruments, based on crypto.
As you can see, it is a totally disruptive new technology.
An example that I always include:
The Spanish financial group "Santander" is one of the pioneering banks in the foray into DeFi. In 2019 they used the Ethereum platform for the liquidation of the interests of a trust bond of 20 million dollars.
Here is the link for you to learn about it: