cryptohunter
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Decentralized lending protocols changed the way people get credit on U.S. electronic payment platforms. These protocols use blockchain tech to let users get loans without the usual bank processes. Smart contracts speed up the loan approval and reduce paperwork.
Also, DeFi allows transactions without worrying about borders, making credit available to more people, no matter where they are. This financial change makes lending fairer, letting people who don't have access to regular banks join in the credit market. But, there are challenges like not being sure about rules and issues with smart contracts. People need to keep adapting to make sure this change sticks.
Also, DeFi allows transactions without worrying about borders, making credit available to more people, no matter where they are. This financial change makes lending fairer, letting people who don't have access to regular banks join in the credit market. But, there are challenges like not being sure about rules and issues with smart contracts. People need to keep adapting to make sure this change sticks.
