Jonny Fry Posted

The unbanked and financially excluded

2min video examining how Blockchain technology may be able to finally include the 1.7 billion people who are currently unbanked

In a recent statement, the CEO of Mastercard claimed that Bitcoin is unable to help those financially excluded/unbanked but Central Bank Digital Currencies (CBDC) potentially could. However, it is arguable as to whether Banga simply trying to advertise for Mastercard since he also stated: “Today, we’re one of the largest patent holders in the space of central bank digital currencies.” In addition to this, the World Bank has estimated there are 1.7 billion people globally unbanked i.e....