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What is financial inclusion

Posted: Tue Jan 21, 2025 6:47 am
by sadiksojib35
The Role of Cryptocurrencies and Fintech in the Process of Financial Inclusion
Fintech startups make financial services more accessible, and with the development of cryptocurrencies, people have the opportunity to make transactions without intermediaries. Denis Edemskiy, founder sri lanka telegram number database of the P2P fintech platform Tapwill, spoke about how these tools stimulate economic development.

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Every tenth citizen of Russia does not have access to banking services, which limits opportunities for economic growth. Therefore, the state strives to achieve financial inclusion, that is, to ensure the availability of financial services for all segments of the population.

A financial inclusion strategy seeks to remove the boundaries and barriers that exclude large numbers of people from the formal financial system. Without financial services, people remain vulnerable to economic crises. They have no opportunity to improve their lives.

The more citizens have access to financial services, the stronger and more resilient the financial system becomes. With more active users and better services, trust in financial institutions grows, stimulating growth in capital and investment opportunities.

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