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Is DeFi a Game Changer for the Finance Industry?

In this Bloomberg Technology video, experts talk about decentralized finance (DeFi). According to Blockchain Capital Partner Spencer Bogart the finance industry was waiting for this framework for years. The inclination was strong because the use of cryptocurrencies like bitcoins always faced much volatility. It was doubtful if the users will favor anything other than bitcoin or if bitcoin itself will survive the market in the long term. However, things have changed over the years, and there are more takers of cryptocurrencies now. Bogart explains that DeFi is the “digital infrastructure for digital financial services and digital assets.” Watch the video to know more about it.

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