IDEAS home Printed from https://ideas.repec.org/a/lum/rev1rl/v10y2023i2p117-127.html
   My bibliography  Save this article

Financial Inclusion through Decentralized Finance: A Citizen Perspective

Author

Listed:
  • Raluca ONUFREICIUC

    (Teaching assistant †Stefan cel Mare†University of Suceava, Faculty of Law and Administrative Sciences / Phd candidate Nicolae Titulescu University of Bucharest and Paris-Panthéon-Assas University, Faculty of Law)

  • Lorena -Elena STÄ‚NESCU

    (Phd.)

Abstract

DeFi, a blockchain-based innovation, eliminates traditional financial intermediaries, offering direct peer-to-peer financial transactions and access to a wide array of financial services including lending, borrowing, insurance, and investment opportunities. This paper delves into how DeFi democratizes access to financial resources, particularly for the underserved and unbanked populations worldwide, by reducing transaction costs, enhancing transparency, and providing secure and equitable access to financial services. Through a citizen-centric lens, this article contributes to the ongoing dialogue on leveraging DeFi for global financial inclusion, suggesting pathways for integrating DeFi into the broader financial ecosystem in a manner that maximizes its inclusivity and benefits for all citizens.

Suggested Citation

  • Raluca ONUFREICIUC & Lorena -Elena STÄ‚NESCU, 2023. "Financial Inclusion through Decentralized Finance: A Citizen Perspective," Revista romaneasca pentru educatie multidimensionala - Journal for Multidimensional Education, Editura Lumen, Department of Economics, vol. 10(2), pages 117-127, December.
    • Handle: RePEc:lum:rev1rl:v:10:y:2023:i:2:p:117-127
    DOI: https://doi.org/10.18662/eljpa/10.2/214
    as

    Download full text from publisher

    File URL: https://lumenpublishing.com/journals/index.php/ejlpa/article/view/6807/4793
    Download Restriction: no
    File URL: https://libkey.io/https://doi.org/10.18662/eljpa/10.2/214?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Keywords

    financial inclusion; DeFI; blockchain; financial services; transparency.;
    All these keywords.

    JEL classification:

    • K19 - Law and Economics - - Basic Areas of Law - - - Other
    • K49 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior - - - Other

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:lum:rev1rl:v:10:y:2023:i:2:p:117-127. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Antonio Sandu (email available below). General contact details of provider: https://lumenpublishing.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.