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Mobile DeFi and the Shift Toward Self-Sovereignty

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imageCryptocurrency8 hours ago (Aug 09, 2020 03:00PM ET)

Mobile DeFi and the Shift Toward Self-Sovereignty

Many speculate that mainstream adoption of cryptocurrency is dependent solely on improving ease of access and user experience. In reality, there’s an even bigger obstacle: a mentality shift.

Self-sovereignty and personal autonomy are the endgame of this technology, and with that goal comes a significant increase in personal responsibility for one’s funds. This is totally at odds with people’s traditional financial experience so far; the legacy system takes away your autonomy and replaces it with convenience, offering useful tools related to fraud protection and password management. By comparison, cryptocurrencies, decentralized finance and other forms of distributed technology fall on the other end of that spectrum, providing the ability to have true ownership of one’s worth.

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Mobile DeFi and the Shift Toward Self-Sovereignty

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