Inclusive finance refers to the provision of accessible and affordable financial products and services to all segments of society, especially those traditionally underserved or excluded. This includes services like banking, credit, insurance, and payments, aimed at promoting economic participation and reducing poverty. Digital assets and blockchain technology are increasingly viewed as tools to further inclusive finance goals. It strives for equitable access to financial resources.
Context
Crypto news often highlights how blockchain technology and digital assets could significantly advance inclusive finance by offering low-cost, borderless financial services to unbanked populations globally. Projects focusing on decentralized identity, micro-lending, and remittances are frequently discussed as potential drivers for greater financial inclusion. Regulatory challenges and educational barriers remain key areas for progress in realizing this potential.
This initiative establishes a structured framework for public sector entities to integrate blockchain, enhancing operational transparency and fostering digital transformation across core government functions.
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