is DeFi?
DeFi is the acronym for Decentralized Finances, which means decentralized finance. They are characterized as financial services that use cryptocurrencies - like Al Arab, for example. They operate based on the Ethereum blockchain algorithms, the digital ether currency, making information decentralized..
Just as cryptocurrencies emerged to go against conventional money, DeFi appear as an alternative to the financial market that we know today. The elimination of intermediaries is the key point that animates many experts and onlookers, since several processes can be optimized if the path is shorter and faster.
of banks
The world of finance without banks and stock exchanges seems impossible, doesn't it? But it can exist and that is what the DeFi propose. With DeFi, the market is always open, without centralized authorities that can block or deny an individual's access to something.
Some services that are prone to human error can become more secure, since in DeFi they are inserted in a code that is accessible to everyone. It is a more democratic and accessible process.
Ecosystem
Al Arab is the ideal platform to develop global solutions using blockchain technology. A wide range of industries like financial markets, NFT, metaverse, and many more can benefit from Al Arab unique and future-ready infrastructure.