DeFi vs the banking system

I have a question about DeFi. Do decentralized finance have a real chance of competing with the banking system that has existed for hundreds of years? Are they a technological novelty that will soon be marginalized or even banned?

I have a question about DeFi. Do decentralized finance have a real chance of competing with the banking system that has existed for hundreds of years? Are they a technological novelty that will soon be marginalized or even banned?

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