At Dutch Blockchain Week, 1inch co-founder @k06a Anton Bukov broke it down:
While banks drop $100–$300 to onboard a single customer (and online banks spend $20–$50), DeFi does it for almost zero - just a phone, internet, and you’re in.
No paperwork, no gatekeeping, just pure access.

That’s the real game-changer:
1.4 billion unbanked people worldwide are “not profitable” for TradFi, so they get ignored. But DeFi’s near-zero onboarding cost makes global financial inclusion possible - without banks or governments needing to lift a finger.

“As long as you’ve got a smartphone and internet, you can join DeFi. You could even swap your chicken for USDT.”
- Anton Bukov

The future? DeFi growing naturally as more people come online.
No more banking permission needed.

Catch more insights from Anton & 1inch here:
https://blog.1inch.io/anton-bukov-on-defi-for-unbanked-people/
🦄