DeFi near-zero onboarding costs can help 1.4B unbanked: 1inch co-founder

DeFi platforms have a significant cost advantage over traditional banks. While traditional banks spend between 100 to 300 USD per user for onboarding, DeFi requires only a smartphone and internet access.

With approximately 1.4 billion people unbanked, DeFi aims to include them in the global economy, enabling transactions with stablecoins like USDT.

DeFi grants access to global liquidity and fosters economic cooperation among nations. Countries that adapt regulations to enhance access to this liquidity can unlock substantial economic benefits.

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