News about Unbanked

by COINS NEWS - 2 years ago

Banking the Unbanked with DeFi how its going

I know this discussion on banking the unbanked has been from around now but lemme push it further. It has been over just a decade since DeFi was first introduced to the world with the creation of Bitcoin. Of course, most of us first saw it as a PONZI...

More / Bitcoin Reddit - 2 years ago

How bitcoin is useful: unbanked expat

I first heard of bitcoin four years ago, did not pay it much attention. did not "get it". I am a (locally) unbanked expat now. I quickly went down the path of Western union ATMS Bitcoin from US exchange to local exchange Strike to local ex...

by COINS NEWS - 2 years ago

1.1 million Salvadorans have been connected to global financial system by Bitcoin in 10 days. Traditional banking system only managed to serve 2 million Salvadorans in 40 years. How is Bitcoin banking the unbanked in El Salvador?

El Salvador has a population of 6.5 million people. The traditional banking system only serves 2 million people. 4.5 million Salvadorans have no bank account. They were completely left out by the banking system. Not having a bank account means these...

More / Etherum Reddit - 2 years ago

DeFi lending for the unbanked

The unbanked population— people without access to banks— is 1.7 billion people worldwide. DeFi may be able to help these people, and a huge development would be giving these people easy access to loans through DeFi. Since these people don’t have any...