DeFi Breakthrough - Dharma Offers A US. Based Dollars To DeFi Bridge
Crypto News

DeFi Breakthrough – Dharma Offers A US. Based Dollars To DeFi Bridge


Dharma – the service providing direct DeFi access from the bank accounts announced on April 20 that it’s service now allows U.S. residents in all 50 states to buy and use DeFi services, directly from their bank accounts. Dharma is calling it the Dollars to DeFi service. The users are able to deposit $25,000 per week into core protocols like Uniswap, Compound Finance, Aave, Yearn Finance and Pool Together.

Twitter

By loading the tweet, you agree to Twitter’s privacy policy.
Learn more

Load tweet

This is a breakthrough development for the DeFi infrastructure, almost exclusively found on Ethereum. Dharma latest upgrade would allow millions of Americans to gain access to DeFi from the traditional finance instruments and act as a fundamental bridge between both worlds.

Dharma Interface

DeFi market capitalization currently stands at $111B and climbing. It has seen a meteoric rise lately as users demand a better and more transparent system than the traditional finance. However, significant hurdles remain, before DeFi services can be trusted and on-boarded by the masses. Today’s development by Dharma is one such step in that direction, paving the way for adoption and usage for millions of people.

About Dharma DeFi Smart Wallet

The Dharma smart wallet can be used to send and receive money from anywhere and earn certain Annual Percentage Return (APR) interest on the money stored in the wallet. There is no fees for usage and bank account isn’t required by default. It can also be used to deposit and withdraw money to bank accounts. The wallet itself is secure and non-custodial. The whole system operates on the Ethereum platform through independently audited code and is used for Decentralized Finance (DeFi). The Dharma smart wallet can be downloaded from Playstore and Appstore.

This post may contain promotional links that help us fund the site. When you click on the links, we receive a commission – but the prices do not change for you! 🙂

Disclaimer: The authors of this website may have invested in crypto currencies themselves. They are not financial advisors and only express their opinions. Anyone considering investing in crypto currencies should be well informed about these high-risk assets.

Trading with financial products, especially with CFDs involves a high level of risk and is therefore not suitable for security-conscious investors. CFDs are complex instruments and carry a high risk of losing money quickly through leverage. Be aware that most private Investors lose money, if they decide to trade CFDs. Any type of trading and speculation in financial products that can produce an unusually high return is also associated with increased risk to lose money. Note that past gains are no guarantee of positive results in the future. 


You might also like


More from Blockchain





Source link