https://techcrunch.com/2020/02/20/defi-aims-to-bridge-the-gap-between-blockchains-and-financial-services/

If you’ve been following cryptocurrency news for the past few months, there’s one word that keeps coming back — DeFi, also known as decentralized finance. As the name suggests, DeFi aims to bridge the gap between decentralized blockchains and financial services.

The original purpose of bitcoin hasn’t changed; it’s a crypto asset that lets users transfer money digitally without any bank in the middle. During the early days of bitcoin, people claimed that the blockchain could replace banks altogether.