In a recent Medium post UAE based ZelaaPay wrote about how Decentralized Finance (DeFi) is the future of blockchain. As the post states, ” DeFi can no longer be neglected as a temporary fad. With CoinMarketCap launching a separate ranking dedicated exclusively to DeFi, industry giants like Binance are launching their own DeFi projects, the total value locked in Defi Jumped 85% in August, totaling to $8 billion in assets held. Decentralized Finance tokens are constantly growing in market capitalization, and there is no doubt that DeFi is here to stay. In fact, it’s already revolutionizing the crypto ecosystem.”
The basic concept behind Decentralized Finance is quite simple: recreating the time-tested and well-known financial instruments, through the power of blockchain technology. DeFi achieves exactly this by building blockchain architectures in which financial processes get optimized by replacing trusted third parties with a decentralized community. Some of the most popular applications of DeFi are stablecoins and decentralized exchanges, but the possibilities offered by Decentralized Finance are endless.
The post goes on to state, that ZelaaPayAE is expanding its position by entering the DeFi ecosystem, keeping up to date with the rapidly evolving cryptocurrency industry, and bringing it’s users the benefits of blockchain. ZelaaPayAE has developed a significant blockchain infrastructure in the United Arab Emirates, enabling millions of crypto enthusiasts to effortlessly use cryptocurrencies on a daily basis through solutions such as crypto debit cards and a vast network of Point-of-Sale terminals.In the most immediate application, ZelaaPayAE is building a platform allowing anyone, anywhere in the world to invest in real world assets backed by several large real estate developers and major brands from other domains in the UAE. Investors will benefit as these high value assets appreciate over time.