Traditional savings banks pay us a few percent interest then they turn around and lend our money to borrowers at rates as high as 21%, making them hundreds of billions of dollars in profits annually.In all fairness, banks have to make money to pay for all those tall glass and marble buildings filled with floors and floors of employees.
But what if we could eliminate all of that and return those profits back to the customers? Sounds like a fantasy, right?Blockchains are computer networks that facilitate distributed ledgers. They are like banks with no headquarters, no offices, no employees, and no coffee pots. Since the advent of the DeFi revolution, centralised banks are no longer a necessity for those seeking financial services. And the truth is, in many cases, DeFi platforms are as easy to use as a regular bank.Traditional banks are rightfully nervous that DeFi platforms are going to take away more and more of their customers. This is because, until now, they had no competition.
That means in ten years’ time, your money’s buying power would be almost cut in half. That’s downright painful.
LOL they really pushing tether coins when USDT just depegged?
Careful........
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How South Africans can earn 12% annual interest on savingsRight now, putting your hard-earned money into a savings account that has a less than ideal interest rate does as much good as putting it under your mattress. Nah. In a few months you’ll get a higher rate with Retail Savings Bonds. retailsavingsbonds
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Young South Africans check their cellphones at least 30 times an hour: surveyMost of those surveyed said the worst time for their phone battery to go flat was while at a party or event. Oh wow, I saw this by checking my phone for the 27th time this hour.
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South Africans are in for a petrol price shockAnalysts and economists are warning South African motorists to brace for a massive increase in fuel prices next month, as the government’s General Fuel Levy intervention is expected to come to an end.
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Russian ambassador says South Africans have misunderstood the Ukraine invasionRussian ambassador says South Africans have misunderstood the Ukraine invasion - Russia accuses Western media of spreading misinformation on war Does the Russian ambassador think we're morons. We can see the destruction being caused by the aggressor, Russia, on a non-threatening neighbour. Worse, Russia is openly targeting civilians, against all civilized norms. Tell the ambasador we understand better than he thinks The protestors are just a “mob for hire”- a very common practice in South Africa . No wonder they are so few. The majority of South Africans under the cause of the conflict that spans over 30 years (NATO expansionism) and 8 years Azov murders in the Donbas
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Russian ambassador says South Africans have misunderstood the Ukraine invasionRussian ambassador says South Africans have misunderstood the Ukraine invasion: Russia accuses Western media of spreading misinformation on war I doubt those are the exact words used by the ambassador... Not after what transpired in a Parliamentary debate.... I was scammed through Bitcoin couple of months ago, I started hating Bitcoin until I was introduced to Allison_Grillo, and I gave Bitcoin trading another try, I successfully withdrew $35,000 after two weeks of trading, am so grateful Allison_Grillo thank you. Have you no real news to report
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Four South Africans missing in Namibia's Fish River CanyonIt's not the first time that people have got lost in the rugged iconic and treacherously steep terrained canyon.
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