1 inch Lianchuang: DeFi's nearly zero cost user access mechanism can help 1.4 billion unbanked users

According to Cointelegraph, Anton Bukov, co-founder of 1inch, pointed out during a discussion at Dutch Blockchain Week on May 22 that DeFi's nearly zero cost user access mechanism has the potential to provide financial services to 1.4 billion unbanked people worldwide. The cost of opening a single user account in traditional banks can reach up to $100-300, while DeFi only requires a smartphone and network to access, completely 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 directly participate in the global economy through stablecoins. In addition, Bukov pointed out that the core value of the cryptocurrency field lies in the global liquidity network it builds - trillions of dollars freely flow through decentralized protocols, forming an independent economic ecosystem. He called on countries to adjust their regulatory policies to integrate into this system, believing that 'the more convenient cross-border capital flows are, the more opportunities for economic cooperation'.