The economic uncertainty of 2022, up until now, has motivated many buyers to begin exploring beyond their traditional monetary options. One area that is increasingly on their radar is cryptocurrency and decentralized finance (DeFi). Earnity is the novel social cryptocurrency marketplace and platform, where Dan Schatt and Domenic Carosa have seen this to be true. Here is a rundown on the top benefits of DeFi in 2022 and beyond.
One of the chief draws of DeFi is its accessibility. At the moment, nearly two billion unbanked individuals cannot access basic financial borrowing services. However, DeFi’s functionality may be leveraged to offer these types of services without the need for monitoring through a central financial organization. In light of this, DeFi is highly inclusive. Users from across the globe can easily participate no matter their physical locations or social statuses.
DeFi is also capturing an increased amount of attention due to the privacy it affords. In a financial system that is centralized, a person who has assets does not, in fact, control those assets. Instead, an intermediary, such as a bank, does. However, in a DeFi infrastructure, buyers can access their tokens via private keys that they retain possession of. As a result, buyers can fully control their assets.
DeFi, furthermore, offers the benefit of being highly innovative. DeFi contracts can handle millions of dollars without bank accounts or involving third-party entities.
Fortunately, Earnity is making it possible for more people around the globe to take advantage of cryptocurrency and DeFi in 2022, according to crypto experts Domenic Carosa and Dan Schatt. Schatt, currently the chief executive officer of the marketplace, said that he is especially excited about the innovation that the new marketplace offers in the years ahead.