kaal:claim:3808859-028

DeFi's distinctive disruption is that it attempts to make financial transactions permissionless, completely open to anybody, and borderless, promising reduced transaction costs, broader financial inclusion, and open access across borders.

Source quote, verbatim

The particular form of disruption in DeFi comes from its attempts to make financial transactions permissionless, completely open to anybody, and borderless.

From

Wulf A. Kaal, Decentralization – Why We Need Technology Infrastructure Upgrades (2021), V.1 From Disruptive Fintech to Decentralized Finance (DeFi), p. 39
https://ssrn.com/abstract=3808859 · source PDF

Cite as

Wulf A. Kaal, Decentralization – Why We Need Technology Infrastructure Upgrades (2021). SSRN: https://ssrn.com/abstract=3808859

Holds when

describes DeFi as an emerging movement from 2019

Classification

definitionalsupport: asserteddefiblockchain

Verify

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