Posted 2/17/2024, 4:41:15 AM
Decentralized Finance Faces Hurdles to Mainstream Adoption
- Consumer hesitation to adopt decentralized finance due to lack of familiarity and protections
- Banks and financial institutions resistance due to potential revenue loss and increased fraud risk
- Unclear government regulation and oversight of decentralized systems
- Balance needed between decentralized and centralized finance for wider adoption
- Technology improvements needed for decentralized finance to address issues like scalability