Web3’s Swiss Army Knife of Personal Finance, Changex, Joins Cointelegraph Accelerator

Decentralized finance (DeFi) has emerged as a powerful alternative to traditional financial services, yet the user experience remains a significant barrier to broader adoption of DeFi applications. For years, the DeFi ecosystem has been searching for pathways to effectively onboard the next generation of users to decentralized platforms.

One promising approach involves developing a financial technology (fintech) application designed for traditional finance users that seamlessly integrates easy-to-navigate DeFi functionalities. This would allow users to discover self-custody—a practice that allows individuals to securely manage their digital assets within personal wallets without relying on third-party entities. By doing so, users may be encouraged to move away from centralized institutions like banks.