PANews reported on May 23 that, according to Cointelegraph, Anton Bukov, co-founder of 1INCH, pointed out during a discussion at the Dutch Blockchain Week on May 22 that DeFi's near-zero-cost user access mechanism is expected to provide financial services to 1.4 billion unbanked people globally. The traditional banking user account opening cost is as high as $100-300 per user, while DeFi only requires a smartphone and network access, completely eliminating the barriers of physical infrastructure and cumbersome verification processes.
Bukov emphasized that traditional finance is reluctant to serve low-income groups due to high costs, while DeFi enables these users to directly participate in the global economy through stablecoins. Additionally, Bukov noted that the core value of the crypto field lies in its globally constructed liquidity network - trillions of dollars flow freely through decentralized protocols, forming an independent economic ecosystem. He called on countries to adjust regulatory policies to access this system, believing that "the more convenient cross-border capital flows are, the more economic cooperation opportunities exist".
