How Decentralized Finance and Blockchain Are Revolutionizing Financial Services for Everyone

We dive in and present a systematic literature review examining how decentralized finance (DeFi) can enhance the quality, affordability, access, and usage of financial services, particularly for underserved populations. The study concludes that DeFi, utilizing blockchain technology, can significantly improve financial accessibility and usability by eliminating intermediaries and reducing barriers, thus promoting global financial inclusion. It also highlights specific mechanisms like decentralized lending and digital wallets through which DeFi benefits marginalized communities. The article acknowledges limitations due to current data availability and suggests future research areas regarding DeFi's scalability and long-term effects.

Whether you're new to crypto or have a deep interest in financial technology, this video will provide you with a comprehensive overview of one of the most exciting innovations in modern finance.#DeFi #DecentralizedFinance #Blockchain #Crypto #Finance #Fintech #CryptoExplained #FinancialInclusion #FutureOfFinance