In today's world, technology transforms many aspects of life, yet over 1.4 billion people remain excluded from the global financial system. Traditional banks and even neobanks fall short of providing effective solutions. Deobanks offer a new approach that promises to change the game.
Barriers to Financial Inclusion
Traditional banking systems often exclude millions. KYC processes demand official documents that many in developing regions lack. Physical banking infrastructure is absent in rural and remote areas, making access to banking services impossible. Even neobanks, while offering some innovations, are still constrained by legacy systems and regulatory norms.
Deobanks – A New Model for Inclusion
Deobanks, such as WeFi, offer fully digital services based on blockchain, accessible to anyone with the internet. The use of technologies like AI simplifies verification processes, reducing dependency on documentation. These financial pioneers can expand financial access while ensuring security and regulatory compliance.
WeFi: Open and Accessible Finance for All
WeFi leads the deobank movement, simplifying onboarding and reducing documentation requirements. Users choose between custodial and non-custodial accounts, maintaining control over their funds and eliminating account freeze risks. Deobanks provide access to global financial tools, enabling users to manage assets in the global economy.
Traditional banking systems and neobanks do not solve financial exclusion problems. Deobanks, like WeFi, offer a way to change the approach and provide access to financial services for everyone, regardless of location and socio-economic status.
