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DeFi Destroys Traditional Banks? Anton Bukov Says Zero-Cost Entry Could Change Everything

  • 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.

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