Banks and financial institutions are dominated by governments and financially influential figures.
They hold the levers of power and play with the property of the people according to the economic conditions of the society.
Due to their own incompetence, they bankrupt the economy and to compensate for this catastrophe and to repay their debts, they are forced to print indiscriminately and without any limitation of money without support.
This not only does not solve the problem but also causes prices and inflation to explode.
With the advent of blockchain technology and the advent of decentralized finance (DeFi), the era of banks and governments dominating finance is coming to an end.
In the meantime, 2local is trying to institutionalize the role of blockchain in finance and payments with an innovative and creative idea.