From Cointelegraph

May 23, 2025 4:47 am:

Decentralized finance (DeFi) platforms offer a significant cost advantage over traditional banks in onboarding new users. DeFi requires almost no expenses beyond a smartphone and internet access, compared to traditional banks spending $100 to $300 per user. This advantage allows DeFi to reach the 1.4 billion unbanked individuals globally.

1inch Network co-founder Anton Bukov highlighted how DeFi’s low barriers to entry enable financial inclusion for the unbanked. DeFi allows users to participate in the global economy using stablecoins like Tether’s USDt. As internet access expands, DeFi will continue to provide access to those who have been excluded from traditional banking systems.

Bukov emphasized the value of crypto in providing access to global liquidity. He described crypto as evolving into an independent economic zone where decentralized protocols facilitate the flow of hundreds of billions. This dynamic liquidity enables financial experimentation, yield strategies, and cross-border capital movement, offering economic opportunities for countries that align their regulations with this global liquidity trend.

Read more at Cointelegraph: DeFi’s zero onboarding costs allow it to reach 1.4B unbanked: 1inch co-founder