Sentences with phrase «unbanked -lsb-»

Massive currency devaluation isn't the only systemic characteristic of many African economies, and a large percentage of their population is either underbanked or unbanked.

In a Medium blog post by Ray Youssef, published on March 15, he spoke about the situation wherein underbanked and unbanked people are left out of the economic narrative.

Today, Ethereum is both the second largest cryptocurrency and is being used to create a generation of decentralized applications (DAPPS) that do everything from enabling people to buy kitties online to providing economic identities to the unbanked.

UTRUST said in September that blockchains could boost economic growth in emerging markets by U.S. 3.7 trillion worldwide and help the 2.5 billion unbanked people worldwide.

While the usual drumbeat of cryptocurrency innovation calls for «banking the unbanked», a startup called Omise actually has the opposite goal: «unbanking the banked».

A growing number of unbanked Africans are choosing to pay via their handheld devices, mostly in cryptocurrencies.

TenX is focusing their efforts on some of the unbanked markets in Southeast Asia, China and India where, according to their whitepaper, around 50 % are currently «unbanked».

The reality is that virtual currencies are a tremendous boon to the unbanked, allowing them access to a financial ecosystem that they can participate in.

Stellar is one of the first, continuing their commitment to banking the unbanked while still producing value for their investors.

SuperPay to Support the Purchase and Sale of Bitcoin, Ethereum and Other Cryptocurrencies for Unbanked Populations.

«Applying decentralized properties to real world securities is well overdue; they become far more liquid, fundraising is simpler, settlement is instant, transaction fees are negligible and most importantly, every human being on the planet has access to tokens, including the unbanked,» Koverko added.

It has a traditional focus of serving small businesses and the unbanked.

While others are talking about banking licenses we will take on the Philippine market from within the banking arena and offer Paycent as the online arm of the merged banks, using blockchain and big data to provide micro-financing and basic banking services to the unbanked.

Cashaa, which aims to provide access to financial services for the billions of unbanked, uses Blockchain technology to enable value transfer, without the end user having to come into contact with cryptocurrency themselves.

on UTRUST are Promoting a Cryptocurrency Payment Solution to 2.5 Billion «Unbanked» People, Announcing ICO Details

A large proportion of India's population remains unbanked and they live on these smaller cash payments on a daily basis.

The project is a joint venture between DECENT (blockchain technology company) and Dragonfly (game distribution platform) which aims to provide a platform for content creators and gamers alike, including «unbanked» consumers in emerging markets.

The post UTRUST are Promoting a Cryptocurrency Payment Solution to 2.5 Billion «Unbanked» People, Announcing ICO Details appeared first on Bitcoinist.com.

Due to the decentralized blockchain - based solutions, the 2.5 billion or so «unbanked» people are expected to boost the GDP of these generally developing countries by over $ 3.7 trillion and create jobs for over 95 million people.

News headlines — Bitcoin adoption depends largely on education; The government of the United Arab Emirates is sponsoring a virtual hackathon dedicated to blockchain, with $ 140,000 in prizes up for grabs; Regulation for the Internet of Things; India dreams of a cashless society; Bitcoin, Blockchain and the Unbanked in Africa with Lorien Gamaroff; Europe's largest shipping port tests blockchain logistics and the US Patent and Trademark Office (USPTO) has published four applications filed by MasterCard related to its work with blockchain and distributed ledger tech.

With millions unbanked in the Philippines, and remittances booming, the bitcoin solution practically writes itself, says Luis Buenaventura.

on Crypto - Lending Platform Etherecash Offer Financial Support to the Unbanked, ICO Currently Live

How many unbanked people have we banked?

Cape Town, November 27 2017 — Wala, a blockchain - powered financial services platform for the unbanked and underbanked, has gained significant traction over the past 2 months including an equity investment from Newtown Partners, a banking partnership, a payments partnership, the launch of the Wala Financial Platform, an impressive list of advisors and the launch of the Dala token sale.

Many bitcoiners excitedly prophesy that bitcoin will help bank the unbanked and supplant remittance services like Western Union.

Rennes, a French Bitcoin Blockchain Data Startup, focusing on remittances and payment services, believes Blockchain Will Help 40 % of the Unbanked.

The company claims the service will save users millions in the unbanked region.

The post Crypto - Lending Platform Etherecash Offer Financial Support to the Unbanked, ICO Currently Live appeared first on Bitcoinist.com.

This is particularly useful in a country where as much as 75 % of the population remains «unbanked» and fewer than 5 % have credit cards.

Belfrics views the rollout of its African bitcoin exchanges as an opportunity to tap into the vast unbanked populations of Africa, as well as providing a viable competitor to the traditional banking sector.

We speak to Christine To, VP of Business Operations at AirFox, about the blockchain - powered mobile data provider that's set to disrupt the industry and provide scores of unbanked and underserved individuals in emerging markets with access to mobile connectivity.

MicroMoney ANNOUNCES STRATEGIC PARTNERSHIP with VOISEBlockchain credit bureau for the unbanked MicroMoney is announcing a partnership deal with decentralized music platform VOISE.

«A major impediment to economic advancement around the world is the fact that the vast majority of humans are unbanked.

In 2014, two thirds of Africa's Sub-Saharan population was unbanked; similar disquieting statistics represent the Southeast Asian region.

Digital currencies and blockchain tech has the potential to change everything from the way Wall Street works to how the world's unbanked interacts with financial systems.

With an estimated population of hundreds of millions of unbanked and underbanked people, Africa is a prime location for game changing financial technologies like bitcoin to...

Many believe that Peruvian bitcoin adoption has enormous expansive potential — owing to approximately 80 % of Peruvian citizens being classified as unbanked or underbanked.

As examples let's take a few Ethereum based Blockchain projects that have made serving the unbanked and underbanked their main focus.

The countdown to a future without unbanked people has already started.

Moreover, in theory, cryptocurrency will allow the unbanked access to a decentralized savings account that doesn't have the barrier to entry a traditional bank demands.

While the unbanked is a long way off from having easy, cost - effective access to financial services, the blockchain is promising to empower these population segments with greater financial services access and engagement by picking up where more traditional fintech has left off.

Those with 400 million to transfer will always find a way, but those who need to send smaller amounts, the unbanked billions, are the people who will most benefit from a decentralized and usable financial system.

Level39 member BABB, a decentralised banking platform aimed at the unbanked, has successfully raised its target of $ 20 million in a sold - out token...

Since the early days of bitcoin, many believed that the digital currency would end up banking the unbanked in developing regions such as Africa.

Already, bitcoin and blockchain technology are making it easier for previously unbanked people to transact and have access to services across national borders.

Its loyalty to the unbanked is admirable.

Focusing on the 2.5 billion unbanked, Etherecash looks to excel in both spending and sending, as well as providing a peer - to - peer lending platform, to enable those with little or no credit history the ability to access funds.

And so The Year of Bitcoin extends globally as Thailand's always - bustling tourism industry, its attempt to grapple with financial technology (fintech) through regulations, and an unbanked population looking for a better life make the country fertile ground for crypto.

Lala World, a blockchain startup headquartered in Singapore, has raised US$ 2 million in a Series A funding round to bring cheaper and more efficient financial services to the unbanked.

The goal is pretty standard: highlight bitcoin's positive aspects — its potential to help the «unbanked,» for instance — and get people to forget about Mt. Gox and Silk Road.