How does DeFi development improve financial inclusion?
Financial inclusion remains a global challenge, especially in underserved regions. DeFi development addresses this issue by removing barriers like credit checks, minimum balances, and geographic restrictions. Anyone with a smartphone and internet access can participate in decentralized financial services. Users can lend, borrow, or earn yields without relying on banks. Open-source protocols allow transparent access to financial tools previously reserved for institutions. Additionally, decentralized platforms operate continuously, offering services beyond traditional banking hours. This accessibility empowers individuals and small businesses to manage assets independently. By enabling borderless participation, DeFi development plays a significant role in expanding financial inclusion worldwide.
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