What Is DeFi? This Crypto Boom Exploded 10x in 3 Months

A lot of people both in and out of crypto have been asking "what is DeFi?" lately. It's a portmanteau of the term "decentralized finance" and has taken the crypto world by storm. In a nutshell, DeFi uses code and blockchain tech to eliminate the middleman - namely, banks - from financial transactions. But it's caught on because a lot of investors are making a ton of money with it. The post What Is DeFi? This Crypto Boom Exploded 10x in 3 Months appeared first on Money Morning - We Make Investing Profitable . Oh - and it could revolutionize finance as we know it... Tags: Technology Article To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2020 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201.