underbanked – DIGIT INFO

Crypto use more common among the underbanked, says FDIC report

DIGIT — Wed, 13 Nov 2024 05:14:11 +0000

Last year, underbanked households more commonly used crypto than those with no banking access whatsoever, according to an FDIC survey.

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Blockchain technology could be particularly beneficial for women, says WTO director general

DIGIT — Fri, 09 Jul 2021 18:05:41 +0000

The former foreign and finance minister of Nigeria said the G20 should be looking into blockchain solutions to close the gender gap.

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Visa and Tala Join Forces to Boost Cryptocurrency Adoption for Underbanked Populations

DIGIT — Thu, 06 May 2021 15:00:26 +0000

Payments giant Visa and financial services provider Tala have partnered to boost cryptocurrency adoption in emerging markets. The collaboration aims to “make it easier for underbanked consumers to convert, store, and use cryptocurrencies.” Visa and Tala Boosting Crypto Adoption in Emerging Markets Visa and Tala have formed a new partnership “to help underbanked populations participate […]

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5 Ways to Accelerate Financial Inclusion Through Technology

DIGIT — Sat, 07 Jul 2018 21:00:42 +0000

One of the main ways of reducing poverty is through financial inclusion. As of last year, an estimated 1.7 billion adults around the world still remain unbanked. This means that they have no access to a savings account, credit, or any type of financial services. In a world where our biggest problems are often what ... Read more

Blockchain Tech Could Activate Large Segments of the Global Economy

DIGIT — Wed, 04 Apr 2018 14:18:53 +0000

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

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