Emerging technologies such as blockchain and decentralized finance (DeFi) have the potential to significantly impact financial inclusion and access to banking services by providing new and innovative ways for people to manage their finances.
Blockchain technology, for example, can enable secure and transparent transactions without the need for traditional banking intermediaries. This can be particularly beneficial for individuals in underserved or unbanked areas who may not have access to traditional banking services.
Decentralized finance platforms, on the other hand, can offer a range of financial services such as lending, borrowing, and trading without the need for traditional financial institutions. This can help individuals access financial services more easily and at lower costs compared to traditional banking.
Overall, these emerging technologies have the potential to increase financial inclusion by providing new avenues for individuals to access banking services and participate in the global economy.
