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Decentralized Crypto Banking-Crypto App Factory

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What is decentralized banking? Cryptobanks are decentralized platforms that provide the usual services that centralized banks provide, primarily lending services and credit scoring, but essentially cuts out all of the middlemen that a centralized bank uses. The technology behind credit cards and online payments has driven revenue, business performance, and customer ease-of-access. Just as early industry disruptors such as PayPal transformed the digital system of their time, the modern-day “Crypto-banks” are redefining the current banking operations. Decentralized crypto banking is making fully integrated crypto-based banking services and payments accessible to every-day users, crypto enthusiasts, or entrepreneurs alike.In this blog, we will discuss how a decentralized crypto banking system can improve the conventional banking process. Easy Borrowing and Lending Process Decentralized crypto banking eliminates the involvement of intermediaries, thereby resulting in reduced