Welcome DT News

  • CONTACT
  • ABOUT US
Deythere
  • Home
  • News
    image 341
    NewsCryptoSponsored Article

    Crypto Whales Pile Into BullZilla, MoonBull, and La Culex – The Best Meme Coins With 100x Potential in 2025

    MoonBull and LaCulex ignited a wave of overnight millionaires, and now that…

    By
    Benedikt Krüger
    October 20, 2025
    Stablecoin Regulation Update
    CryptoMarketNews
    China Restricts Stablecoin Issuance: What It Means for the Market
    October 20, 2025
    Crypto Market Sentiment Surge As Trump Confirms October 31 Xi Summit
    NewsCryptoMarket
    Analysts Say Trump-Xi Summit Could Mark the Start of a New Crypto Supercycle
    October 20, 2025
    Peter Schiff Warns of Staggering Bitcoin and Ethereum Losses
    MarketCryptoNews
    Peter Schiff Warns of Staggering Bitcoin and Ethereum Losses
    October 20, 2025
    Bitcoin Price Rally
    CryptoBitcoinMarketNews
    Ethereum, Solana, and XRP Follow Bitcoin’s Lead in Market-Wide Breakout
    October 20, 2025
  • Cryptocurrency
    image 341
    Crypto Whales Pile Into BullZilla, MoonBull, and La Culex – The Best Meme Coins With 100x Potential in 2025
    9 Min Read
    Stablecoin Regulation Update
    China Restricts Stablecoin Issuance: What It Means for the Market
    6 Min Read
    Crypto Market Sentiment Surge As Trump Confirms October 31 Xi Summit
    Analysts Say Trump-Xi Summit Could Mark the Start of a New Crypto Supercycle
    6 Min Read
    Peter Schiff Warns of Staggering Bitcoin and Ethereum Losses
    Peter Schiff Warns of Staggering Bitcoin and Ethereum Losses
    6 Min Read
    Bitcoin Price Rally
    Ethereum, Solana, and XRP Follow Bitcoin’s Lead in Market-Wide Breakout
    7 Min Read
    image 193
    Bitcoin Cash and BNB Highlight Utility While BullZilla Drives High-Yield Presale: Top Cryptocurrencies to Invest in October 2025
    9 Min Read
    Previous Next
  • Pages
    • Contact Us
    • Customize Interests
    • My Bookmarks
Reading: This CEO Exposes the Dark Side of Banking—Why Crypto Is the Answer
Share

[ccpw id=”7831″]

DeythereDeythere
Font ResizerAa
  • Home
  • Crypto
  • Market
  • News
  • Blockchain
  • Contact
Search
  • Home
  • News
  • Cryptocurrency
  • Pages
    • Contact Us
    • Customize Interests
    • My Bookmarks
Have an existing account? Sign In
Follow US
© DT News. All Rights Reserved.
Deythere > News > Market > Money > This CEO Exposes the Dark Side of Banking—Why Crypto Is the Answer
NewsMarketMoney

This CEO Exposes the Dark Side of Banking—Why Crypto Is the Answer

This CEO Exposes the Dark Side of Banking—Why Crypto Is the Answer
Jonathan Swift
Last updated: February 13, 2025 12:33 pm
By
Jonathan Swift
Published February 13, 2025
5 Min Read
Share

In a world where financial systems often leave many behind, innovative solutions are emerging to bridge the gap. Vasily Nikonov, the visionary founder of Velvet.Capital, is at the forefront of this movement, advocating for the transformative power of cryptocurrencies and decentralized finance (DeFi) to foster financial inclusion.

Contents
  • The Unbanked Challenge: A Global Perspective
  • Cryptocurrency and DeFi: Catalysts for Change
  • Overcoming Barriers to Adoption
  • A Vision for the Future
  • Conclusion
  • FAQs
    • What is decentralized finance (DeFi)?
    • How does Velvet.Capital ensure the security of user assets?
    • Can individuals without prior experience in cryptocurrencies use Velvet.Capital?
  • Glossary of Key Terms
    • Sources

The Unbanked Challenge: A Global Perspective

Despite advancements in financial services, a significant portion of the global population remains unbanked or underbanked. According to the World Bank, approximately 1.7 billion adults lack access to a bank account, hindering their ability to participate in economic activities. Factors such as geographical barriers, lack of documentation, and stringent regulatory requirements contribute to this exclusion.

Nikonov emphasizes that not all individuals excluded from traditional finance are involved in illicit activities. Many face barriers simply due to systemic inefficiencies.

“There’s a clear distinction between criminals and people who are unbanked due to circumstances beyond their control,” he notes.

Velvet.Capital aims to provide these individuals with access to diversified financial products through a decentralized platform.

decentralized finance (DeFi)

Cryptocurrency and DeFi: Catalysts for Change

Cryptocurrencies and DeFi platforms offer an alternative to traditional banking by enabling peer-to-peer transactions without intermediaries. This decentralization reduces costs and increases accessibility. A report by the World Economic Forum highlights that DeFi’s transparent and open-source nature can democratize access to financial services, particularly in regions underserved by traditional banks.

Velvet.Capital leverages blockchain technology to allow users to create tokenized funds and portfolios, providing exposure to various assets without the need for a traditional financial intermediary. This approach not only lowers entry barriers but also offers users control over their investments.

Overcoming Barriers to Adoption

While the potential is vast, challenges to DeFi adoption persist. Regulatory uncertainties, technological literacy, and security concerns are significant hurdles. Nikonov acknowledges these challenges and stresses the importance of education and robust security measures.

“We use transaction monitoring systems to ensure compliance and protect our users from fraudulent activities,” he explains.

Velvet.Capital has implemented stringent security protocols, including smart contract audits and real-time monitoring, to safeguard user assets. Additionally, the platform offers educational resources to help users navigate the complexities of DeFi, empowering them to make informed decisions.

Vasily Nikonov

A Vision for the Future

Integrating cryptocurrencies and DeFi into the financial ecosystem holds promise for enhancing financial inclusion. By providing accessible, low-cost, and transparent financial services, platforms like Velvet.Capital are paving the way for a more inclusive global economy.

Nikonov envisions a future where financial services are not a privilege but a right accessible to all.

“Our goal is to level the playing field, offering everyone the tools they need to participate in the global economy,” he asserts.

Conclusion

As the financial landscape evolves, the role of cryptocurrencies and DeFi in promoting financial inclusion becomes increasingly significant through innovative platforms like Velvet.Capital, barriers that have long excluded individuals from economic participation are being dismantled, ushering in a new era of inclusivity and empowerment.

FAQs

What is decentralized finance (DeFi)?

DeFi refers to a system of financial applications built on blockchain technologies that operate without centralized intermediaries, offering services like lending, borrowing, and trading directly between participants.

How does Velvet.Capital ensure the security of user assets?

Velvet.Capital employs advanced security measures, including smart contract audits and real-time transaction monitoring, to protect user assets and ensure platform integrity.

Can individuals without prior experience in cryptocurrencies use Velvet.Capital?

Yes, Velvet.Capital provides educational resources and a user-friendly interface to assist individuals new to cryptocurrencies in navigating the platform effectively.

Glossary of Key Terms

Unbanked: Individuals who do not have access to traditional banking services.

Underbanked: Individuals who have limited access to traditional banking services and often rely on alternative financial services.

Cryptocurrency: Digital or virtual currency that uses cryptography for security and operates independently of a central authority.

Blockchain: A decentralized ledger of all transactions across a network, ensuring transparency and security.

Smart Contract: Self-executing contracts with the terms of the agreement directly written into code, automatically enforcing and executing agreements when predetermined conditions are met.

Sources

World Bank: Global Findex Database

World Economic Forum: Decentralized Finance: (DeFi) Policy-Maker Toolkit

Velvet.Capital: Official Website

Advertising

For advertising inquiries, please email . [email protected] or Telegram

Crypto Investment Products Record Largest Inflows in 5 Weeks: CoinShares

How Bitcoin Boosts Tesla Earnings by $284M as New GAAP Rule Kicks In

Missed Notcoin’s Virtual Coin Buzz? Jump on MoonBull’s Whitelist – Next 1000x Crypto Surge in Sight

BitGo Files for IPO as Assets Under Custody Top $100 Billion

Bank of Ghana Proposes New Crypto Regulations: Here’s All You Need To Know

TAGGED:Cryptodecentralized finance (DeFi)U.S. bankingVasily Nikonov

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Email Copy Link Print
ByJonathan Swift
Follow:
A crypto journalist with an understanding of blockchain technology. Skilled in simplifying complex topics for diverse audiences, from beginners to experts. Because I believe in words as they are the children of mind.
Previous Article Riot Targets AI and HPC to Overcome Bitcoin Mining Strain: Report Riot Targets AI and HPC to Overcome Bitcoin Mining Strain: Report
Next Article Did Michael Saylor Really Say He’ll Burn His Bitcoin Keys? Here's What To Know Did Michael Saylor Really Say He’ll Burn His Bitcoin Keys? Here’s What To Know
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Subscribe to our newslettern

Get Newest Articles Instantly!

Popular News
crypto 2024
Crypto Derivatives Market Heats Up as Innovative Products Emerge
crypto approval
Blockchain Revolutionizes Energy Markets with Decentralized Trading Platforms
crypto news
Cutting-Edge Mining Technologies Drive Efficiency in Cryptocurrency Production
crypto 2024 1200x720
Decentralized Identity Emerges as a Catalyst for Data Privacy Renaissance
space
Tech Giant Announces Breakthrough in Quantum Computing
worldwide protest
Worldwide Protests Demand Action on Climate Change
global
Global Economic Forecast Reveals Slow Recovery Post-Pandemic
solar power
Revolutionary Solar Power Technology Unveiled

Follow Us on Socials

We use social media to react to breaking news, update supporters and share information

Twitter Youtube Telegram Linkedin
Deythere

DT News influence 20 million users and is the number one business blockchain and crypto news network on the planet.

Subscribe to our newsletter

You can be the first to find out the latest news and tips about trading, markets...

Menu

  • Home
  • News
© DT News. All Rights Reserved.
Banner 1
Banner 2
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?

  • English