TransUnion to Provide Credit Scoring on Public Blockchain Networks
TransUnion, one of the three major US credit reporting agencies, has announced that it will begin supplying credit scoring to public blockchain networks. This marks a significant step forward for the DeFi industry, which has traditionally struggled with credit scoring due to the difficulty of accessing off-chain credit data. Through a partnership with Spring Labs and Quadrata, TransUnion will deliver …
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Ark Fi Launches Mobile App for Decentralized Finance
Ark Fi has introduced a Progressive Web App (PWA) to broaden access to its ecosystem of decentralized finance (DeFi) solutions. The Ark Fi mobile app will allow users to experience DeFi in a more engaging format, providing worldwide access to DeFi yield products and future utilities. The app was introduced after a successful launch of a full suite of DeFi …
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How to Get Started with Decentralized Finance: A Beginner’s Guide
Decentralized finance, commonly referred to as DeFi, is an innovative financial system that operates on a decentralized blockchain network. It eliminates the need for intermediaries like banks, insurance companies, and other financial institutions by allowing users to directly interact with financial services like lending, borrowing, trading, and investing. DeFi is growing rapidly, with its market capitalization surpassing $100 billion in …
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