OLD TITLE: DeFi and Financial Inclusion. Virtual currency games are popular in [low-income countries
Find and tell me the latest information on the status of DeFi utilization. I’ve heard that Africa, especially Kenya, Nigeria, and then Vietnam, seem to be important cases, I’d like to know more about them.
- Impact of DeFi (decentralized finance): has had a significant impact on financial services in Africa, providing solutions to longstanding challenges such as access to credit, reducing transaction costs, and stabilizing currency values
- Linking decentralised finance to African trade | The Exchange
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As per Forbes estimates, the total locked value in DeFi protocols stands at nearly $43 billion.
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DeFi denotes an entirely new financial rail separate from the banking system, capable of providing the same range of services as a bank, from savings, mortgages and loans to diverse contractual arrangements and asset trading.
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DeFi helps to create cross-border value chains for consumer goods and food processing by connecting African traders, significantly reducing post-agricultural losses for perishable goods.
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- What Is DeFi? Understanding Decentralized Finance – Forbes Advisor(2023/4)
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The DeFi market gauges adoption by measuring what’s called locked value, which calculates how much money is currently working in different DeFi protocols. At present, the total locked value in DeFi protocols is nearly $43 billion.
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- DeFi & Stablecoins: Africa’s new savings vehicle | 11:FS
- Linking decentralised finance to African trade | The Exchange
- Kenya and Nigeria: Kenya and Nigeria are leading Africa in the adoption of DeFi and cryptocurrencies. Nigeria in particular leads Africa in P2P exchange transaction volume and DeFi value receipts, demonstrating strong engagement with digital assets
- The case of Vietnam: Vietnam is also experiencing high cryptocurrency adoption rates, especially as citizens are increasingly interested in cryptocurrency-based gaming. Like African countries, Vietnam sees cryptocurrencies as a hedge against inflation and currency volatility
- 「暗号通貨ベースのゲーム」興味深いな
from Nigeria overtakes Kenya to reclaim leadership of Africa’s crypto adoption - Nairametrics
- For the second year in a row, Vietnam has ranked first in the world in terms of virtual currency adoption.
- Vietnam has very high adoption rates in centralized services, DeFi, and P2P virtual currency tools, adjusted for purchasing power and population.
- In the 2020 poll, 21% of Vietnamese consumers said they use or own virtual currency, second only to Nigeria’s 32%.
- Virtual currency games based on the Play to Earn (P2E) and Move to Earn (M2E) models are particularly popular in Vietnam.
- Vietnam follows the trend of low- and upper-middle-income countries dominating the top 20 in virtual currency adoption.
- put simplySTEPNみたいなゲームにおいて、所得水準の高い日本ではイマイチに感じるけど所得水準の低い国ではいい収入手段になるということだな
- [Same composition as “Wage Differentials and Impressed Zombies.
- It’s interesting to see the redistribution of wealth from high-income countries to low-income countries through the entertainment of games and social networking.
- 「暗号通貨ベースのゲーム」興味深いな
- Expanding financial inclusion: the adoption of DeFi and cryptocurrencies is opening new avenues to expand access to financial services for the unbanked and provide solutions to challenges posed by the traditional financial system.
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