Sentences with phrase «underbanked people»

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...

This is regardless as to whether or not users have a bank account and thus may provide an interesting solution for the millions of underbanked people around the world.

KryptoMoney.com is proud to be a Media Partner for this great initiative taken by Humaniq to improves the lives of unbanked / underbanked people as well as promoting and helping Blockchain Startups.

«Bitcoin is the best way to get cross-border payments into the hands of both banked and underbanked people.»

Today, however, these underbanked people, who use little or no credit and may not even have checking accounts are at a serious disadvantage when it comes to securing FHA financing because they may not have a high enough credit score even if they never ever missed a payment.

Not exact matches

Growing up in Mississippi, the state with the highest population of unbanked and underbanked residents, Allen saw the perfect opportunity to solve a problem that impacts over 2.5 billion people worldwide from a perspective that most wouldn't understand.

The target audience here is huge: The U.S. government reports that 34.4 million people are «unbanked» or «underbanked.»

«We set out to help unbanked, underbanked, and disadvantaged people gain equal access to the standard credit products enjoyed by millions of Americans,» said Wehmann.

A new problem for people who have just started to use credit or who are «underbanked» as the socio - economic analysts like to say is the imposition of minimum credit scores for FHA mortgages (580 with a 3.5 percent down payment).

In fact, 55 percent of the GPR cards in use belong to people who are unbanked or underbanked.

Khalfani - Cox: Well, one of the things that I often talk to people about who are in that situation, who are typically underbanked or unbanked, who are credit invisibles is, you have to decide the type of life that you want to live, and it really boils down to this: you can opt out of the system if you want, you really can; go live someplace remotely, never need a mortgage for your house loan, never get a car loan, never use a credit card to rent an automobile if you're traveling or stuff like that.

The CEO has experience building customer bases, and also plans to partner with other groups to find people that are currently underbanked.

Millions of people are unbanked or underbanked in the world — Bitcoin will change this statistic.

In fact, the World Bank estimates that around 2 billion people are underbanked or not banked at all.

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.