Alibaba, eBay Count On DeFi To Ride E-Commerce Wave, Finds GlobalData

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As the COVID-19 pandemic has accelerated the consumer shift to online shopping, decentralized finance (DeFi) gets a foothold in the e-commerce industry on the back of decentralization merits. This has prompted the e-commerce giants Alibaba and eBay to explore the potential of DeFi to avoid middlemen like financial institutions and consolidate their market position, finds GlobalData, a leading data, and analytics company. Q3 2021 hedge fund letters, conferences and more Kiran Raj, Principal Disruptive Tech Analyst at GlobalData, comments: “In the current centralized marketplace, e-commerce play…

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