Ethereum for the next billion: DeFi for the unbanked/underbanked
summary
Panelists describe production systems connecting farmers and informal savers to banks, mobile money and on‑chain oracles: a warehouse‑receipt platform already moves bank loans from 13–15 days to 10–15 minutes and has routed about $7M in credit using a Quorum permission network; a USSD + M‑Pesa stack with on‑chain weather hashes pays insurance claims immediately where penetration was ~3% and mobile money adoption is 98% in some markets; expected DeFi lending yields target ~7%–11%.
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