DeFi Solutions Propose Tackling Global Poverty, Savings Potential Estimated at $30 Billion

A new proposal from the DeFi Education Fund aims to leverage decentralized finance (DeFi) technology to address global poverty. The group believes that reducing remittance costs by up to 80% through DeFi infrastructure could save underbanked and unbanked individuals around $30 billion annually. According to their analysis, current financial systems contribute to costly transactions for low-income families due to intermediaries and outdated infrastructure.