This chapter examines the emergence and growth of parallel financial systems alongside traditional banking infrastructure. The author analyzes how cryptocurrency-based financial services are developing as complementary systems serving underbanked populations, with particular attention to the economic dynamics, regulatory challenges, and pathways to financial inclusion. This enhanced version incorporates current market analysis of decentralized finance (DeFi) systems and academic research validating the coexistence mechanisms described.

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Traditional and New Systems Alongside Each Other

  • John C. Edmunds

摘要

This chapter examines the emergence and growth of parallel financial systems alongside traditional banking infrastructure. The author analyzes how cryptocurrency-based financial services are developing as complementary systems serving underbanked populations, with particular attention to the economic dynamics, regulatory challenges, and pathways to financial inclusion. This enhanced version incorporates current market analysis of decentralized finance (DeFi) systems and academic research validating the coexistence mechanisms described.