The report notes that the largest opportunities are in regions with
a large unbanked population that is young and likely to embrace mobile banking.
But like many emerging markets, the country has an inadequate banking system and
a large unbanked population.
The system is expected to largely eliminate the difficulties associated with traditional banking services, and make banking services more accessible to
the large unbanked population, estimated to be about 70 %.
In countries with
a large unbanked population or where currency values gyrate wildly, bitcoin can be a stabler form of payment and make commerce easier, especially for the poor.
Not exact matches
Some were due to the
large number of
unbanked or underbanked
populations of countries.
But the country's
large population is still mostly
unbanked and relies heavily on money from abroad.
Cryptocurrency ATMs are a perfect response to this issue with a potentially
large user base in the internet accessible and
unbanked populations in developing countries.
A
large proportion of India's
population remains
unbanked and they live on these smaller cash payments on a daily basis.
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.