Hello! 👋🏻 In this post, we will tell you about the negative aspects of transactions through intermediaries
📌 Absolutely every person who came across the financial system was forced to use the services of intermediaries.
💳 For example, in the case of an international currency transfer via the SWIFT system, the bank acts as an intermediary. He charges a certain percentage for the translation, which seems unfair to many.
❗️ In addition, intermediaries, such as those in stock exchanges, are often dishonest and their sole purpose is to make a profit.
🔹 So, even when renting a house or buying goods, you often have to overpay for the services of third parties who cannot always fully fulfill all their obligations.
⚙️ It is for these reasons that decentralized platforms have been actively gaining popularity in recent years.
🤖 Their main feature is the use of smart contracts. This is a computer code that checks whether both parties to a transaction can fulfill their obligations. If so, then the deal goes through instantly and without any intermediaries.
✅ DSF uses smart contracts on its platform to secure user transactions, as financial security is the most important part of e-commerce and intermediaries can never guarantee it.
📢 Find out more about smart contracts in DSF and the possibilities they offer on our website:
https://dsft.io