DeFi Adoption In Emerging Markets Faces User Experience Hurdles, Says Okto Wallet CEO Rohit Jain

The mainstream adoption of decentralized finance (DeFi) in emerging markets like India is being stymied by a fragmented user experience, according to Rohit Jain, CEO of Okto wallet.

Speaking in an interview with Benzinga, Jain identified the complexity of Web3 interactions as a primary barrier, alongside the need for regulatory clarity, as key challenges preventing DeFi from reaching a broader audience.

His insights highlight the industry’s struggle to simplify access while maintaining its decentralized ethos.

Jain pinpointed the convoluted nature of DeFi processes as a significant obstacle.

“The experience layer in Web3 is completely broken,” he said, elaborating that “simple transactions become very archaic and very complicated for users.”

He noted that users must navigate multiple …

Full story available on Benzinga.com