Decentralized Finance: Making Financial Services Accessible
Many people around the world are unable to access banking services for various reasons, such as poverty, lack of necessary identification documents, high banking fees, or living in remote areas. These individuals do not lack the need for financial support; they also have demands for savings growth, a desire for small loans, and a pressing need for cross-border remittances, yet they can only look longingly at the wall of traditional finance.
The decentralized finance pioneered by Satoshi Nakamoto aims to address these issues and make financial services more widespread. It breaks free from the monopoly and constraints of centralized institutions, eliminating complicated account opening processes and the reliance on offline branches. Even in remote mountain villages, as long as there is internet access, people can enjoy equal financial services.
With low barriers to participation, transparent trading rules, and inclusive service attributes, decentralized finance has become an effective complement to the traditional financial system. It leverages the power of technology to eliminate the gap between wealth and geography, turning the vision of "financial services accessible to everyone" from a slogan into a tangible reality
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