DeFi is becoming a real nightmare for traditional banks, as the cost of attracting users for decentralized finance platforms is nearly $0, according to Anton Bukov – co-founder of the famous DEX platform 1inch, at the Netherlands Blockchain Week event (Amsterdam, 22/5).
🧠 Banks spend $300 for 1 user, DeFi costs… 0 dollars!
Bukov reveals: traditional banks have to spend up to $100–300 just to verify and open an account for a new user, while online banking platforms only reduce that number to $20–30. And DeFi? Just a smartphone with internet – no paperwork, no cumbersome procedures. “Onboarding users to DeFi is really $0,” Bukov states bluntly.
🌍 Opportunity for 1.4 billion unbanked people worldwide?
This low cost turns DeFi into a global financial gateway for those excluded by the banking system. With stablecoins like USDT, anyone can trade, save, and invest with just a few taps.
💧 DeFi is not just finance, but global super liquidity
Bukov asserts: DeFi is a “global liquidity hub” – where hundreds of billions of USD move each day through decentralized protocols. This is no longer a game of “digital currency,” but a completely new, borderless economy.
💡 Warning to governments: Adapt or be left behind!
“The more countries trade with each other, the richer they become. Crypto is the same,” Bukov warns, emphasizing that the country which quickly grasps and adjusts the rules to embrace DeFi will benefit from the huge liquidity flow moving globally.
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