Latest data shows that approximately 5.6 million households in the United States do not have a bank account, highlighting the serious exclusion issues present in the current financial system. Even more concerning is that each year, a large number of consumers have their bank accounts suddenly closed, with about 6% being involuntarily closed. This situation not only affects individuals' daily lives but may also exclude large groups of people from the financial system, leading to broader socioeconomic problems.

Financial institutions often close accounts under the pretext of risk control, but this practice may actually create greater risks by pushing thousands of people to the financial margins. This phenomenon of financial exclusion particularly affects small businesses, freelancers, entrepreneurs, and participants in emerging industries, who urgently need more flexible and inclusive financial services.

In the face of this challenge, some experts have begun to explore whether Web3 technology can provide a solution. They believe that Web3 technology is not intended to replace traditional banks, but rather to help upgrade the banking system, creating a more transparent, compliant, and inclusive financial environment. This new type of financial network has the potential to provide opportunities for those marginalized by traditional systems, while also meeting the requirements of modern financial regulation.

However, this transition is not without challenges. How to ensure financial security while avoiding excessive "reputation scrutiny" and opaque decision-making processes remains a topic that requires in-depth discussion. Whether Web3 technology can truly address the issue of financial exclusion still needs the test of time and the joint efforts of all parties.

Nonetheless, this issue highlights the need for us to rethink the design of the financial system to ensure that it better serves everyone, rather than excluding certain groups. In this process, technological innovation, regulatory reform, and the achievement of social consensus will play a key role.