# Decentralized finance becomes institutional norm

Date: 2021

Microfinance is the provision of financial services to individuals and small businesses, particularly those with low incomes and limited access to conventional banking and related financial services. It encompasses services such as microcredit, savings, checking accounts, microinsurance, and payment systems.

## Sources

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## Methodology

https://factrail.ai/methodology

Canonical: https://factrail.ai/facts/decentralized-finance-becomes-institutional-norm-2021