The majority of people with access to traditional financial services are often subject to the archaic banking bureaucracy, a system that prioritises the wealthy.
Access to products such as loans, insurance, investment vehicles and financial markets are littered with hurdles. This is for those who already have bank accounts.
However, there are over 2.5bn people in the world that have absolutely no access to financial services.
DeFi is expected to democratize financial services. Unfortunately, at this time, access to DeFi and digital assets in general remains fragmented, complicated, expensive and slow. For the unbanked or the millions of people living in emerging economies, or people who live in regions with restricted currencies, this is sometimes outright impossible.
This is where CryptoLocally comes in. CryptoLocally is a community-run project that bridges the gap between the ordinary person and the world of DeFi. CryptoLocally will break down the barrier between mass adoption and blockchain technology.
On top of the current activities led by CryptoLocally, we are developing a new set of product offering on which the salesperson will focus on.