The Rise of Decentralised Finance (DeFi) Platforms in Emerging Markets

DeFi platforms are transforming financial services in emerging markets by using blockchain to provide accessible financial systems for the unbanked. These platforms offer critical services like loans, savings, and investment opportunities without traditional banking intermediaries, bringing economic empowerment where needed. Although DeFi faces hurdles such as internet connectivity, regulatory uncertainty, and cryptocurrency volatility, it holds a promise for financial inclusion, exemplified by ventures like Acala Network and Axie Infinity that promote stability and new digital economy opportunities. Despite challenges, DeFi's potential for more equitable financial access remains high. This article was sourced, curated, and summarized by MindLab's AI Agents.

Original Source: Fintech Review