English

DeFi offers to replace banks and other trusted financial third parties with smart contracts on the blockchain

Money

Video. DeFi explained: What is it and will it replace banks?

Updated: 27/09/2022 - 14:21 GMT+2

Bitcoin was developed as a decentralised payment system but decentralised finance, or DeFi, proposes to do much more than that.

Read full article

Top stories

Now playing Next

Latest news bulletin | October 12th, 2025 – Morning

Now playing Next

Spain's grid operator warns country could be on verge of a blackout

Now playing Next

Trump to attend summit of world leaders on end of Gaza war in Egypt

Now playing Next

US troops begin arriving in Israel to oversee Gaza ceasefire

Now playing Next

US president deserved the Nobel Peace Prize, top Trump advisor says

Now playing Next

Doing it my way: Paco Cabezas on making films in Spain and Hollywood

Now playing Next

Latest news bulletin | October 11th, 2025 – Evening

Now playing Next

Watch: North Korea unveils its 'most powerful' missile at military parade

Now playing Next

Reappointed French PM Lecornu says new cabinet must not give in to partisan interests

Now playing Next

Latest news bulletin | October 11th, 2025 – Midday

Now playing Next

Power restored to Ukraine's Odesa following major Russian attack on energy infrastructure

ADVERTISEMENT

ADVERTISEMENT

More from Money

Money

Could a carbon credit-backed digital currency help us fight climate change?

Money

Apple opening up access to payments on iPhones solves EU competition concerns

Money

FTX crypto 'king' Bankman-Fried guilty of 'one of the biggest financial frauds in American history'

Money

Worldcoin: The crypto project looking to take on the world with its iris-based ID tech

Latest video

Europe News

Brussels mounts pressure on Hungarian EU Commissioner Olivér Várhelyi over spy probe

Green News

One month to COP30: Brazilian minister seeks EU support for new forest protection fund

Travel News

Belgium strike next week to affect thousands of travellers as two major airports halt flights

Ukraine

Russia launches nearly 500 drones and missiles on Ukraine in latest overnight attack

No Comment

Protests over fuel price hikes plunge Ecuador into political crisis

No Comment

France pays tribute to Robert Badinter, the man who ended the death penalty

No Comment

Festival of Lights brings colour and creativity to Berlin nights

World News

Venezuelan opposition leader María Corina Machado wins 2025 Nobel Peace Prize

ADVERTISEMENT

Cinema

Euronews Culture's Film of the Week: 'Tron: Ares' - AI-ay-ay

USA

Trump suggests Spain should be 'thrown out' of NATO over defence expenditure disagreements

Philippines

Powerful 7.4 magnitude earthquake off southern Philippines kills at least two

Gaza

Gaza ceasefire agreement has come into effect, Israeli military says

Europe News

Von der Leyen emerged 'strengthened' from motions of censure — for now

Business Series

KOBIA leads Azerbaijan’s drive for SME growth and economic diversification

No Comment

Palestinians celebrate in Gaza as ceasefire agreement takes effect

Cult

Doha’s Innovation by Design Summit showcases the future of creativity

ADVERTISEMENT

ADVERTISEMENT