Decentralized Finance: A Catalyst for Global Financial Inclusion
Decentralized Finance: A Catalyst for Global Financial Inclusion! In the modern financial landscape, traditional banking systems have often excluded millions of people worldwide due to geographic, economic, and regulatory barriers. However, decentralized finance (DeFi) is emerging as a game-changer, offering financial services that are open, permissionless, and accessible to anyone with an internet connection. Breaking Barriers with DeFi Unlike conventional financial institutions that require extensive documentation, credit history, and physical branch visits, DeFi operates on blockchain technology, allowing users to access banking services from anywhere in the world. Through decentralized lending, borrowing, staking, and yield farming, individuals can earn a passive income and grow their wealth without relying on intermediaries. Empowering the Unbanked According to the World Bank, over 1.7 billion adults remain unbanked. DeFi solutions such as smart contracts and decentralized exchan...