DeFi use cases by region: - explore our data-driven report about the future of finance #EverydayDeFi #FutureOfFinance.
03 May 2023, 23:47
DeFi use cases by region: 🧵👇 - explore our data-driven report about the future of finance #EverydayDeFi #FutureOfFinance
Download the report:
As developed economies focus on wealth growth and entertainment💰💼, developing countries are adopting DeFi for everyday necessities. RIF's research team expects consistent growth in cross-border remittances, inflation protection, and small growth opportunities in LATAM, MENA, and Sub Saharan Africa.
This growth is hypothesized based on rising inflation rates, domestic conflicts, high food and energy prices, monetary tightening, and fiscal vulnerabilities in these regions, as per the UN’s expectations. ðŸ’📈
Meanwhile, developed regions are seeing rising demand to incorporate DeFi into traditional financial applications, leading to growth in DeFi compliance use cases like Know Your Transaction (KYT) and decentralized identity.
RIF is exploring the factors that guide the development and adoption of DeFi use cases in different regions of the world. Download the report to understand how this will affect the future of finance. 📊💰
Again, you can download the report here: