‘Too Many Are Locked Out’: Is Decentralized Finance Africa’s Answer To Accelerating Women’s Financial Inclusion? 

Its inclusive, autonomous nature, eradicating the need for extensive documentation and brick-and-mortar establishments, has eliminated many traditional barriers to entry. With DeFi, rural communities are no longer limited by geography, enabling users to receive payments, access loans, and allocate funds at their fingertips.  

Built on blockchain, an immutable technology that records all transactions, DeFi replaces intermediaries (banks) with smart contracts, which officiate deals automatically. For instance, when a buyer pays for coffee beans, the payment is released only once the delivery has been verified.