With cryptocurrencies and DeFi (decentralized finance) and with the agility provided by the new economy, users are the only custodians of their own capital and interests, being able to operate their investments freely 24 hours a day without restrictions or time limits and in an automated way. This was highlighted by Let’s Bit, in Argentina.
In a statement they shared with Cointelegraph en Español, they clarified that technology is changing the concept of the centralized economy by governments, central banks, and large corporations.
“Now there are other alternatives that offer decentralization, security, accessibility and transparency: the so-called decentralized finances, or simply DeFi,” they remarked.
“Decentralized finances are investment instruments with cryptocurrencies automated by smart contracts. Being automated and decentralized, they make it possible to dispense with financial institutions such as banks,” they added later.
According to Let’s Bit, in a world where a huge amount of the population does not have access to the banking system, DeFi seems to be accessible to almost everyone who simply has a mobile device. But in turn, the thousands of projects, protocols and alternatives that are offered makes it an overwhelming system for the initiated.
“Entering the world of investments can generate fear or distrust due to the lack of information or time to study each project. What we are looking for from Let’sBit is to accompany people on this path, where each user can directly manage their cryptocurrencies”, said Agustín Abraham, CMO of Let’sBit.
It should be noted that the Let’sBit platform allows its users to choose between different currencies, such as: ADA, ARS, BNB, BTC, CAKE, DAI, DOC, DOT, ETH, LUNA, MATIC, USDP, SOL, USDC, USDT and UST.
“In addition to the wide variety of currencies to choose from, there are different types of DeFi protocols with their respective rates to place the assets. That is, people can choose where to invest according to the investment strategy and the returns they want to generate. It is important clarify that interest rates vary according to the chosen cryptocurrency”.
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