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As uncertainty around the US dollar mounts, faith in the existing financial legacy infrastructure is dwindling. Specifically, this sees many people now searching for possible alternatives to traditional banks for storing their wealth, and opportunities to borrow and lend capital. What’s more, the advent of decentralized finance (DeFi) promises to be able to potentially bank the unbanked. As such, could the notion of crypto banks be a middle-ground solution between the benefits of cryptocurrencies and the traditional financial ecosystem?

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