Category: underbanked

We’ve heard a lot about how blockchain technology can help serve the unbanked and the underbanked by making microtransactions possible. But in the Western world, that often refers to a small minority. Yet according to global economist and Babson College Professor of Finance Dr. John Edmunds, in many parts of the world, we’re talking about the sweeping majority. As a leading world economist, Edmunds has made a career out of studying and traveling to developing countries across continents. He says, “In some countries, only the top five percent of the income distribution, or even less, can really gain access to financial