According to PANews, 1inch co-founder Anton Bukov stated at the Netherlands Blockchain Week that DeFi's low-cost access mechanism is expected to provide financial services for the 1.4 billion people worldwide without bank accounts. Traditional bank account opening costs as much as $100-300, while DeFi can be accessed with just a smartphone and internet, eliminating the barriers of physical infrastructure and cumbersome verification processes.
Bukov emphasized that traditional finance is unwilling to serve low-income groups due to high costs, while DeFi enables these users to participate in the global economy through stablecoins. He pointed out that the core value of the crypto space lies in its global liquidity network, with trillions of dollars flowing freely through decentralized protocols, forming an independent economic ecology. He urged countries to adjust regulatory policies to access this system.
