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.
Video
“The Global South is where we should be looking” for Bitcoin adoption, Paxful CEO Ray Youssef told Cointelegraph in an interview at the gym.
We need to move a lot faster on Global South Bitcoin adoption — Paxful CEO
Joseph Hall
2022-11-02T14:00:00+00:00
2617
Analysis
Vietnam has the highest crypto adoption rate in the world. There are numerous factors driving the trend.
Vietnam’s crypto adoption: Factors driving growth in Southeast Asia
Elizabaeth Gail
2022-09-27T14:12:00+01:00
4476
Expert Take
How blockchain technology might help developing economies increase financial inclusion — a closer look at financial services in Ghana.
Blockchain for sustainable development: The case of Ghana
Dustin Jung
2022-06-11T06:14:00+01:00
5120
News
El Salvador welcomed 44 central bankers from developing countries around the world to tackle financial inclusion and discuss Bitcoin at a three-day conference. ...
Bitcoin, Bukele and a bevy of central bankers meet in El Salvador
Joseph Hall
2022-05-17T10:32:18+01:00
8455
Opinion
Today, the revolutionaries are gathering again. But this time, they have the most powerful economic weapon citizens have ever had: Bitcoin.
Bitcoin’s Velvet Revolution: The overthrow of crony capitalism
Nik Oraevskiy
2022-05-07T03:32:00+01:00
13408
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.
The world doesn’t need banks, policymakers or NGOs — It needs DeFi
RTR Crypto
2022-04-17T12:16:00+01:00
7884
Opinion
Crypto’s mainstream acceptance is almost already here, but many people still have unfounded fears we have to overcome.
In defense of crypto: Why digital currencies deserve a better reputation
Ian Taylor
2022-03-12T14:24:00+00:00
5305
Opinion
The nature of crypto as a global and distributed industry must provide more opportunities for all possible diversified groups of people.
If the glass slipper doesn’t fit, smash it: Unraveling the myth of gender equality in crypto
Annabelle Huang
2022-03-08T15:27:00+00:00
2359

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