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Exploring blockchain as a potential driver for financial inclusion
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Currently a majority of the population in low-and middle-income countries remain unbanked or underbanked. This comes with great costs both for the individuals, who can ́t access simple financial services like a savings account, and countries, as the lack of access to financial services hinders growth. This Work project demonstrates how blockchain technology might contribute to greater financial inclusion. In addition to being a great alternative for cross-border payments, blockchain technology enables access to decentralized finance applications, which enable users to access financial services like borrowing, saving and investing.
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Technology adoption Financial inclusion Innovation Blockchain Defi