News
The policy paper argues that access to capital markets, rather than income or banking, now defines who can build wealth and says tokenization could widen participation.
2953
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.
- News
The United Nations is preparing to launch a blockchain academy for governments and a UN-led blockchain advisory group to assist countries in adopting the technology.
3533 - News
1inch co-founder Anton Bukov said that the near-zero onboarding costs in DeFi allow it to outshine its traditional finance counterparts.
2509 - News
“The next big wave in Web3 is education,” said Yat Siu, chairman of Animoca Brands, on stage at Consensus Toronto.
11092 - News
Cryptocurrencies will challenge the current banking hegemony layer-by-layer, the speakers noted at the 2024 Bitcoin event in Nashville.
2993 - Interview
Unlike other stablecoin issuers, Tether says it is focused on offering stablecoin services to the world’s unbanked, which amounts to over 300 million people.
2091 - Podcast
Bitcoin has a marketing problem, but journalist and BTC evangelist Joe Hall is doing his best to fix it.
6065 - News
Unbanked is yet another crypto firm to wind down this month, joining BottlePay, HotBit, Teressa and, most recently, TradeBlock.
8761 - Podcast
PactDAO co-founder Marisa Rando says the decentralization of mutual aid collectives is key to catalyzing activism and building stronger communities.
3494 - Use Case
With 70% of the Southeast Asian population under/unbanked, DeFi solutions have positioned themselves as catalysts for financial transformation.
6607 - News
The report concentrates on real-world research from low- and middle-income countries and untangles questions of inclusiveness, trust and functionality.
6204 - 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.
3159 - Analysis
Vietnam has the highest crypto adoption rate in the world. There are numerous factors driving the trend.
7535 - Expert Take
How blockchain technology might help developing economies increase financial inclusion — a closer look at financial services in Ghana.
5792 - 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.
18707
