Article: Open banking must incorporate financial inclusion

Money, Open Governance

Open banking must incorporate financial inclusion

Reaching the unbanked has become more important than ever, as methods of payment are shifting. In the past, it wasn’t uncommon for people to get paid in cash for their work. But as companies and employers shift to digitized payments, such as direct deposit and ACH transfers, employees who previously got paid in cash need to find other ways to receive their payments.

More than 7 million Americans fall into the “unbanked” category, meaning they don’t have a checking or savings account at a bank or credit union, according to the Federal Deposit Insurance Corp.

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Article: DeFi’s TVL Added $35B in Q1 2021. What’s Next for Decentralized Finance?

Money, Open Governance

DeFi’s TVL Added $35B in Q1 2021. What’s Next for Decentralized Finance?

The first quarter of 2021 was an eventful period for the DeFI world. From January 1st to the end of March, the ‘Total Value Locked’ (TVL), the amount of capital that is being stored in DeFi protocols, rose from roughly $16 billion to more than $49 billion.

Simultaneously, a number of DeFi assets have continued to perform incredibly well. According to Data from Messari, at least 74 DeFi assets have increased their value by more than 100% since the beginning of the year. Seven of these assets have increased their value by more than 1000%.

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