The decentralized finance development called ‘open finance’ is a blockchain-based financial services and applications focused to replace the existing financial system. It can lend as well as receive the capital in this platform. DeFi is being built for interoperability, enabling the decentralized ecosystem to benefit from users processes, moving DeFi continuously forward. It is the main reason for making blockchain one of the critical Fintech trends of 2020 and beyond.

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