1 . London
2 . Dubai
3 . New York
4 . Singapore
5 . Los Angeles
6 . Zug
7 . Hong Kong
8 . Paris
9 . Vancouver
10 . Bangkok
CRYPTOCURRENCY
TOP 10 CITIES TRADING IN CRYPTO
1 . London
2 . Dubai
3 . New York
4 . Singapore
5 . Los Angeles
6 . Zug
7 . Hong Kong
8 . Paris
9 . Vancouver
10 . Bangkok
“AS OUR SOCIETY BECOMES INCREASINGLY CASHLESS , SOME ADVOCACY GROUPS HAVE RAISED CONCERNS ABOUT THE INCLUSION OF VULNERABLE GROUPS ”
SAHAR SALAMA CEO & FOUNDER , TPAY MOBILE
The DeFi space also has the potential to bring unbanked individuals into the formal financial sector and increase financial inclusion , because it can help them manage their wealth in a more sustainable , flexible manner .
How can fintechs attract more unbanked people ? The issue is a complicated one . Ultimately , DeFi currently enables people from all walks of life to carry out many of the types of transactions that were previously only allowed by traditional banks – they can lend and borrow , buy insurance , trade assets , and earn interest in a seamless manner without the third-party permissions of a banking entity .
According to a report by Cointelegraph , in its current state of development , DeFi is more likely to offer revolutionary opportunities for people in low-income populations to gain financial freedom and independence .
It concludes : “ As such , security must also be continually studied and enhanced , and the issue of scalability addressed .”
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