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Have you been looking for the perfect DeFi payment system, but don’t know where to start? Your search ends here.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/05959961b0ad494ebbc8f0ff6c23ff59.jpeg" /><h2 id="header-0">What is Decentralized Finance (DeFi)?</h2>Decentralized finance (DeFi) is a new financial system built on safe distributed ledgers like to those used by cryptocurrencies.&#x1f449;&#x1f3fb; DeFi is a novel idea in banking and finance that depends on peer-to-peer transactions made possible by blockchain technology.&#x1f449;&#x1f3fb; DeFi uses blockchain to provide “trust-less” banking, avoiding established financial intermediaries like banks and brokers.&#x1f449;&#x1f3fb; DeFi is at the forefront of fintech and is disrupting the banking industry through blockchain technology.This revolutionary method of payment has created a new way to send and receive payments without having to use a centralized agency such as a bank. DeFi uses technology like blockchain and smart contracts to eliminate the third party control found in the traditional banking system.A Brand New DeFi Model: GGC Pay<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/b59b0337dc4942d4a0130b0658db04fc.jpeg" />The world has changed, and there is a need for an alternative payment system. One that can grow not only in size, but also in a way to become more efficient. Which is where DeFi comes in. Yet decentralized finance models have only ever interacted with cryptocurrencies up to this point.Digital assets kept in wallets can be used directly to pay for goods and services in establishments that do not currently accept digital assets.Without the user even realizing it, the system instantaneously converts coins into FIAT currency.&#x1f680; Using the specifically designed GGC Pay app, customers will get a complete overview of all transactions and activity. The app also keeps a close eye on the cryptocurrency markets and your assets.&#x1f680; When using the GGC Pay Card to pay for groceries, a new car, rent, or dinner at a restaurant, the user won’t be able to identify the difference between the GGC Pay Card and any other traditional payment card.If you’ve been struggling to find a bankless payment system that meets all your requirements, then we think that the answer to your problems might be very simple: GGC Pay! GGC already has some of the most innovative solutions in the blockchain industry and many of these solutions can be applied in the field of banking.

The relation between GGC & DeFi: Bankless Payment System

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