News
Issues such as financial inclusion and competition with China propelled a hearing on digital dollars before the U.S. Senate today.
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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
After seeing an abject failure of traditional financial models, people might turn to decentralized peer-to-peer technology with crypto as the future.
4283 - Opinion
Regions of the world with fast-growing economic potential and young populations, such as India and Africa, will become leaders in crypto adoption.
4023 - 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.
21323 - 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.
4351 - 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.
4634 - News
The International Blockchain Monetary Reserve and blockchain firm Algorand are jointly launching a microfinance platform and a dedicated token.
2543 - 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.
3374 - Sponsored
Co-inventor of blockchain Scott Stornetta says a mobile-based cryptocurrency delivers real use cases for unbanked consumers.
7668 - News
Nonprofit organization Kiva, along with the government of Sierra Leone, have launched a nationwide blockchain solution for credit history.
3711 - News
Internet crowdsourcing company Share Internet Data has partnered with LDJ Capital to incorporate a banking solution into its Internet-sharing platform.
3581 - Sponsored
A company says it has seen growth in Africa, as consumers seek alternatives to unstable currencies.
7909 - Sponsored
A company is creating a network of self-service kiosks driven by blockchain, where consumers can pay bills, book airline tickets and make purchases.
4571 - Sponsored
The team behind “one of the world’s most secure mobile cryptocurrency wallets” is hoping to offer simple and easy access to millions of unbanked people.
5822 - Sponsored
A new ecosystem is creating “fair and easy access” to modern financial services for millions of unbanked people in the Philippines and other developing countries.
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