A lot of us talk about DeFi all the time, some even traded the projects that are launched in the ecosystem, thinking it is limited to trading, yield farming, or complex protocols, but the real question is, do we know it has more usefulness than that, most especially in the real world of today? Here I am going to share some of the reasons why you should start taking it seriously.
The first one is Cross-border Payments, when you don't have to be worried about sending money or even changing your money, and charges would have taken half of the money. DeFi makes it easy as people in it may use stablecoins like USDC, USDT, and even coins like XRP to do transactions.
The second one, which is the most essential, is the part of Real-Time Conversions for Daily Use. Let's assume that you have XRP with you and need to pay someone with Canadian Dollars, which can be regarded as
XRP PRICE CAD. It is possible to check the worth of the amount of XRP you have to see if it is enough to send in CAD with tools like Bitget's real-time converter, Google price converter, and many more, but guess what, DeFi still makes that possible also, because small price changes can impact how much value you send or receive.
Lastly, DeFi won't gatekeep; if there is any beneficial update, it will be released for their users. So with all these, you should know that DeFi is more than just trading.
