Sentences with phrase «underbanked users»
The goal is to bring the mobile gaming industry — worth USD 46.1 billion in 2017, according to the statement — to underbanked users who would otherwise not have a way to participate in the games» virtual economies.
http://www.the-blockchain.com/
The move pairs one of Asia's biggest smartphone manufacturers with token - based technology that will give mobile game developers access to tens of millions of un - and underbanked users.
For most underbanked users, the last resort would be to turn to loan sharks and their extremely predatory interest rates.
Prepaid cards and other basic transactional services for underbanked users draws very little investment relative to other areas — $ 36.6 million, or less than 1 % of the investment dollars we tracked in the study as a whole.
Among the companies we looked at, five organizations have received a combined $ 36.6 million in funding for extending banking and prepaid debit services to underbanked users.
Not exact matches
More than half of all users are unbanked or underbanked.
And with its benefits to users in both underbanked and overbanked economies, bitcoin helps forex platforms reach further than ever before.
When combined, unbanked and underbanked households comprised the majority (55 %) of prepaid card users in the previous 12 months.
Jordan Kelley, CEO of Robocoin, told CoinDesk that the new service brings the company closer to its original goal of making bitcoin more user - friendly for mass - market consumers and the underbanked, adding:
Do you think that, while the initial bitcoin in Africa story was remittance and supporting the underbanked population, there is a move away from that to a focus on the blockchain for commercial users as it very much is in the Western world now?
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.