Investigating DeFi for Refugee Financial Inclusion
Investigating DeFi for refugee financial inclusion. The rapid advancements in blockchain technology have given rise to Decentralized Finance (DeFi), a financial ecosystem offering a myriad of opportunities without the need for traditional intermediaries like banks. One of the most compelling use cases for DeFi is its potential to foster financial inclusion, especially for marginalized populations such as refugees. This article explores how DeFi can revolutionize financial access for refugees, addressing challenges and presenting viable solutions. The Plight of Refugees and Financial Exclusion Refugees often find themselves in situations where they lack access to essential financial services. Displacement strips them of the necessary documentation required by traditional financial institutions, effectively excluding them from banking, credit, and insurance services. This financial exclusion perpetuates poverty, making it difficult for refugees to rebuild their lives. How DeFi Can Help D...