Financial technology (Fintech) companies may move away from traditional lending services, as decentralized alternatives offer more accessible loans with smaller fees.
Decentralized finance data-ct-non-breakable=”null” href=”https://cointelegraph.com/explained/defi-lending-and-borrowing-explained” title=”null”>(DeFi) lending protocols enable users to lend and borrow their cryptocurrency for data-ct-non-breakable=”null” href=”https://cointelegraph.com/learn/articles/decentralized-finance-a-beginners-guide-to-earning-passive-income-with-defi” title=”null”>passive income in a permissionless manner, via smart contracts instead of numerous financial intermediaries.
The growing efficiency and accessibility of DeFi lending protocols may inspire more fintech companies to opt for them over centralized lending alternatives, according to Merline…
