News
The fintech firm hopes to expand financial products for the unbanked.
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Unbanked News
“Unbanked” is a slang definition of adults who do not own bank accounts and avoid using banks in any other capacity. The term ‘unbanked’ should not be confused with “underbanked,” which is used to describe people who do not have sufficient access to financial services. The problem of being unbanked is widely researched in the USA, where unbanked people represent 7.7 percent of population. Due to the US’s research, most of the US’s unbanked are white, native-born Americans. They choose to be unbanked for various reasons, including involvement in illegal activities, distrust of financial institutions and extreme poverty. Banking the unbanked is an important issue and can help the poor to gain financial stability. Blockchain-based technologies are often referred to as a way of providing the services of financial institutions to people who don’t want to get involved or can’t be involved in traditional organizations.
- Opinion
Without proper crypto regulation, the U.S. government might create a massive roadblock to financial inclusivity.
14191 - Opinion
Tokenization has a long way to go before it will uplift populations in emerging-market states, but it will bring the needed stability.
10295 - Expert Take
Crypto isn’t inherently good in just its development and proliferation; the community must address the reasons causing financial exclusion.
2767 - Opinion
The ease and convenience of services backed with the emerging techs can dramatically improve the financial landscape in Africa.
9206 - Expert Take
Blockchain and cryptocurrency have great potential to help us, especially in these challenging times of the global coronavirus outbreak.
6816 - Opinion
While most of us will prefer to forget the horrors of 2020, DeFi may well prove to be the guarantee of a better, more liberated future.
11108 - News
Issues such as financial inclusion and competition with China propelled a hearing on digital dollars before the U.S. Senate today.
5214 - Opinion
After seeing an abject failure of traditional financial models, people might turn to decentralized peer-to-peer technology with crypto as the future.
4890 - Opinion
Regions of the world with fast-growing economic potential and young populations, such as India and Africa, will become leaders in crypto adoption.
5143 - News
Democrats in the U.S. House of Representatives look to a digital dollar to distribute stimulus payments in at least one version of the COVID-19 response bill.
21623 - News
The beer conglomerate behind the Budweiser brand is using blockchain to ensure local suppliers in Africa are able to report their income and open bank accounts.
4655 - Opinion
Africa is the fastest-growing mobile market and it could possibly make this continent the world’s biggest payment systems based on blockchain tech and unbanked industry.
4998 - News
The International Blockchain Monetary Reserve and blockchain firm Algorand are jointly launching a microfinance platform and a dedicated token.
2680 - News
OmiseGo, a finance-oriented scaling network for Ethereum, has become a member of Universal Protocol Alliance, a coalition of blockchain and cryptocurrency-focused firms.
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