POSSIBILITIES OF APPLYING DEFI TECHNOLOGIES IN STATE PAYMENT SYSTEMS

Abstract

State payment systems today play a central role in accelerating economic transactions, ensuring transparency in budget fund movements, and digitizing financial services provided to citizens. From this perspective, DeFi – decentralized finance—emerged as a new architecture compared to traditional banking infrastructure and belongs to the category of technological solutions applicable in state payment systems. The core idea of DeFi is to replace intermediaries with code, automate transactions through smart contracts, and operate on open blockchain infrastructure.[1]..