The advocacy group DEF has highlighted the potential of decentralized finance (DeFi) to significantly reduce the "poverty premium" faced by low-income individuals. According to DEF, DeFi could save these users approximately $30 billion each year by cutting down on high remittance fees. This assertion underscores the transformative impact DeFi could have on financial inclusivity and cost reduction for economically disadvantaged communities.
DEF Claims DeFi Could Save Low-Income Users $30 Billion Annually
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