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Published byDiana Robinson Modified over 5 years ago
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Innovations in Cryptocurrency Helping Financial Inclusion
Ed Lobbett – COO Acorn Collective
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What is financial inclusion?
Access to banking facilities Access to finance, loans Access to payments platforms Ability to transfer money Identity?
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What’s the problem? *World Bank
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How are people managing now?
Mobile-only banking is most popular in developing countries with large unbanked populations; usage rates are highest in India (46%), Indonesia (37%), Mexico (34%) and Turkey (34%). Of the top 10 markets that use peer-to-peer mobile transactions (giving to or receiving money from another person), eight are emerging markets.
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What does this mean for cryptocurrencies?
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What about businesses?
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Crowdfunding now exceeds VC funding
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But it’s still a closed shop
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And it’s expensive
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28 Irish Town Gibraltar
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