One of the largest opportunities in cryptos is finally being able to serve those people in the world who don’t even have access to a bank. Believe it or not, there are over 4 billion people in the world who fit into this category! They are the “unbanked”.
How can these people ever hope to rise above poverty and political oppression and make better lives for themselves and their families? Obviously there is no easy solution. Until now.
Believe it or not, crypto assets and blockchain technology hold the answer.
And no, that does not mean we must start spreading the banking network to reach the poor and geographically remote areas of the world. In fact, we don’t need banks at all.
You see, all one really needs is an internet or satellite connection. There are already multiple crypto assets with the ability to meet this need. It’s just a matter of getting the information to the people.
Just like those in emerging countries have been able to skip landlines and directly go to cell phones, so too will today’s unbanked be able to bypass the banking system. They will never need to open a bank account or even transact with a bank.
How’s that for solving one of today’s most pressing problems?!
Besides blockchain and crypto, how else would we be able to do it? Can’t think of an alternative?
Well I guess there’s your answer!
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