The Role of DeFi in Financial Inclusion: Empowering the Unbanked
Around 1.4 billion people worldwide lack access to basic financial services, such as bank accounts, loans, or insurance. This financial exclusion disproportionately affects people in developing nations and rural areas, where traditional financial infrastructure is often lacking. Enter decentralized finance (DeFi), a blockchain-based innovation that promises to revolutionize financial inclusion. By eliminating intermediaries and using decentralized protocols, DeFi platforms offer an open and a...