Decentralized finance (DeFi) is emerging as a powerful alternative to traditional banking, offering zero-cost entry and global accessibility.
1inch co-founder Anton Bukov highlighted at Dutch Blockchain Week that DeFi platforms eliminate high onboarding costs, benefiting the unbanked population.
Compared to traditional banks' high onboarding costs, DeFi only requires a smartphone and internet connection, making financial access easier for underserved populations.
DeFi not only reduces costs but also enhances global liquidity and promotes economic inclusion, sparking discussions on reshaping the global economy and challenging traditional banking systems.