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Southeast Asia and DeFi’s Big Bet on the unbanked

With 70% of the Southeast Asian population under/unbanked, DeFi solutions have positioned themselves as catalysts for financial transformation.

In P.T. One of the most attractive early scenes in Decker's 2007 film Blood is coming when a coal mine explosion destroys the drilling rig built by oil tycoon Toni Plainview. Plainview noticed that one of his employees looked at the situation discouraged and scolded the man and said, "Why do you look so miserable?" There is a whole deep sea of oil on the soles of everyone's feet. No one can get it but me! "

Getting and having this kind of oil will push down the maximum level of wealth of Plainview, just like many of her peers in the real world. Nowadays, instead of turning a destitute into a prince, oil is more used in a way to turn the prince into a user of the world's largest professional team. But what people see in common between the madness of that year and one of the vibrant aspects of global finance today is the scramble to touch people without bank accounts for a reason.

An unattained economic force

While western countries are pervasive in obedience to the banking business of the whole population, the opposite is true in emerging economies. The economic power of Southeast Asia is one of the strong economic powers in the world, but the share of commercial banks in these countries is surprisingly low.

According to a recent report by Bain, about 70% of the adult population in Southeast Asia either does not have a bank account or does not have enough bank accounts. This is a huge figure, especially considering that the six key countries in Southeast Asia add up to about 570 million people, and the total amount of GDP is expected to reach US $470 million in the near future. Giving moderate service to this group of people represents a deep sea of opportunity, which leads to a race to do so.

Over. Cash in power.

In all kinds of countries, cash is still the key, but how long can the dyke last? In South-East Asia, 50% of people do not have a bank account, which means they simply do not have access to the most basic banking operations, such as bank card accounts. There is no bank account, so it is difficult for me to get all banking business, including the line of credit.

This will be a particular problem for the small and medium-sized enterprises that make up most enterprises in Southeast Asia. The above report shows that hundreds of such companies are unable to overcome a very large shortage of funds because of the limited options available.

Integrating the population of Southeast Asia into the global financial structure has become a whale of today's leading financial participant and recessive Toni Daniel Plainview. There is a requirement that, if met, may lead to the socio-economic development of such a country, and the only key is how to do it.

The Bain report specializes in exploring the applicability of the data financial investment platform as a way of infiltrating financial institutions. According to the report, the groups most likely to benefit from the surge in data financial investment platforms are those with insufficient bank accounts, and those without bank accounts are likely to remain outsiders.

Duffy, the king and the murderer.

However, many people think that there is a digital financial sector that has been ignored in what must be provided here at this stage. The creation of a generous overdue loan and loan platform for the current smooth operation of the currency in circulation in Southeast Asia may open the door to adequate banking for more people, and play a key role in creating small and medium-sized enterprises as an important prerequisite for local economic development.

BlueJay Finance is a new DEFI project that develops and promotes stable loan currencies for Southeast Asian economies. The enterprise has set its sights on using the original probability of DEFI to open a new era of digital economy in the region.

The Nissan Bluebird way of borrowing real world property

Bluejay has changed real-world property borrowing by establishing a blockchain technology sequestration agreement called Bluejay Come. The site hopes to address the credit gap problem of Asian banks by advising small and medium-sized enterprises with assets and investors who want sustained returns from China's real economy.

To support this task, Bluejay has created a stable currency-driven ecosystem in which stable currencies are pegged to local currencies in Southeast Asia. This avoids the changing risks associated with dollar-denominated liabilities, which will be particularly interesting for lenders in Southeast Asia. By reducing uncertainty, Bluejay can provide its clients with scientific and stable profits, while also profiting from swap costs redirected to agreement finance.

BlueJay Income provides a channel that both investors and lenders have access to, raising the level of the new theory of market economic system. Investors will have access to good opportunities that are often difficult for them to obtain, giving them the opportunity to invest in China's real economy-themed activities, which will have a certain impact on their global economy, resulting in continuous returns. On the other hand, lenders will be able to raise money through Bluejay Income to provide them with the network resources they need to take their business to new heights.

The agreement is especially suitable for performances with skilled technology and insufficient service items.

Although there is a serious shortage of banking services in Southeast Asia, there is no doubt that they are skilled people. This is confirmed by the popularity of the use of digital finance, which tries to make up for the gap left by traditional finance. But this kind of service platform only gives a small part of the perfect Defi service platform like Bluejay.

With regard to the bright vision of this project, Bluejay FinanceCEOSherry paste shows that:

We are now in a critical period in the field of Defi, and we should gradually build real continuous use examples. There are great opportunities for the property borrowing and payment industry in the real world, especially in Asia, where the financial sector has a great infrastructure test, and the West has not experienced the pain of such exploration. Huge problems and entrepreneurial opportunities mean a real return of more than 10%, which can be achieved for investors in a way that does not rely on reflexivity or "Ponzic" dynamic change. BlueJay Finance hopes to become a basically stable monetary layer by establishing a chain of currencies with Asia as its core. "

In addition to its development potential as a catalyst for economic recovery, this behavior is not unreasonable. Single, dense forms of occupation and control like Toni Plainview are no longer available. Perhaps this can be felt more globally than global financial joint action. This behavior has disappointed millions of people in Southeast Asia and around the world. BlueJay and other Defi projects have focused on replacing this in a more balanced way that reflects the requirements of their service goals.

Learn more about Bluejay
by Bryan Conover
© 2023 WJB All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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