Expert Take
How blockchain technology might help developing economies increase financial inclusion — a closer look at financial services in Ghana.
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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.
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El Salvador welcomed 44 central bankers from developing countries around the world to tackle financial inclusion and discuss Bitcoin at a three-day conference.
8313 - Opinion
Today, the revolutionaries are gathering again. But this time, they have the most powerful economic weapon citizens have ever had: Bitcoin.
13181 - Opinion
DeFi can usher in a system where people don’t have to pay international corporations 10% to send money home in the internet era of Web3.
7728 - Opinion
Crypto’s mainstream acceptance is almost already here, but many people still have unfounded fears we have to overcome.
5171 - Opinion
The nature of crypto as a global and distributed industry must provide more opportunities for all possible diversified groups of people.
2236 - News
“The cryptocurrency bull market has been good to all of us in this industry and this holiday season is the perfect time to pay it forward,” said Unbanked co-CEO Ian Kane.
2627 - Opinion
A more inclusive DeFi lending protocol can empower the unbanked and underbanked in ways traditional finance cannot.
8263 - News
Arcane Research says that Lightning Network usage has been on a steep upward trajectory since late last year, but in September, growth went parabolic off the back of El Salvador’s Bitcoin adoption.
7158 - Opinion
With the proper regulation, stablecoins could potentially fulfill their promise and enable more funds to reach those in greatest need.
6359 - Experts Answer
Here’s what crypto and blockchain experts think about the impact of blockchain technology on lesbian, gay, bisexual, transgender and intersex people.
250 - Analysis
Bitcoin ATMs may make it easier for the mainstream and unbanked to access crypto, but will security risks hamper adoption?
7202 - Experts Answer
Here’s what crypto and blockchain experts think about Salvadoran President Nayib Bukele’s announcement that Bitcoin is now legal tender.
100 - News
The fintech firm hopes to expand financial products for the unbanked.
5318 - Opinion
Without proper crypto regulation, the U.S. government might create a massive roadblock to financial inclusivity.
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