Sentences with phrase «allow unbanked»
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.
https://www.investinblockchain.com/
In addition, many prepaid credit cards allow unbanked customers to avoid costly currency exchanges.
Not exact matches
One of those services is Ecosave, which allows otherwise «unbanked» people to safely put away money for emergencies.
After all, technology is bringing financial services to unbanked corners of the world and allowing consumers to pay for goods using just their smartphones.
«There is no way the federal government is going to allow an economy as large as California to remain unbanked on this issue.
Paxful offers an economic lifeline to the unbanked, allowing them to fully take part in the crypto sphere through peer - to - peer financial transactions.
This is a tremendous boon for the unbanked as it allows them a safe egress into the digital world of cryptocurrency and all of the opportunities it offers.
Our unique solution allows us to serve even more of the global unbanked population, building on the 100,000 downloads already made — without the costs of providing services of either the miners or the traditional banks,» Anton Mozgovoy CTO Humaniq said.
Allowing accessibility to these for the «unbanked» also inspired them.
Executives of Coinify and Blockchain expect that the partnership will serve both banked and unbanked populations globally, by allowing bitcoin wallet funding via credit and debit cards as well as bank accounts.
Similar to cloud computing, which has enabled millions of startups around the world to leverage billion - dollar infrastructure for a fraction of the cost, the infrastructure BitFury is deploying allows entrepreneurs to tap into world - class banking infrastructure for a fraction of the cost — unlocking the creativity of entrepreneurs to build financial service applications that can serve the specific needs of the unbanked at a much lower cost than traditional banks.
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.