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MCV x Polygon: An initiative to serve low-income groups
3.3.2023
A section of the population has been unbanked by several ventures, but that is about to change, courtesy of the partnership between Polygon Labs and Mercy Corps Ventures. Both have announced the leverage of innovative blockchain solutions to empower those who are categorized under low-income...
Queen Maxima of Netherlands Sees Multiple Benefits of Digital Euro
10.11.2022
Queen Maxima of the Netherlands has outlined multiple benefits central bank digital currencies (CBDCs) could bring, particularly in the area of financial inclusion. “Governments could use a digital euro to channel financial support to low-income households. This would deepen longer-term...
230 Economists Warn the US Government’s Proposed Inflation Reduction Act Will Fuel Inflation
5.8.2022
Last week, Democrats unveiled climate and health care legislation called the “Inflation Reduction Act,” and there’s a lot of debate over the name of the proposed public policy measures. After the legislation was revealed, 230 economists sent a letter to the country’s...
Amid the Hottest US Inflation in 40 Years, Biden Administration Blames Rising Prices on Shipping Industry
21.3.2022
During the last few months, inflation has risen significantly in the United States as it has climbed at its fastest pace since 1982. Data shows younger families with children have been struggling to make ends meet, while reports further indicate retirees and older folks with fixed incomes...
Using a Crypto Loan App to Bring Financial Services to Excluded Groups in Africa
9.8.2021
In much of Africa, many people still lack access to basic financial services for many reasons. One of the reasons is that financial institutions have set standards or thresholds that make it impossible for low-income earners to even open a bank account. Access to soft loans or other forms...
Venezuelan Minimum Wage Reaches $3 as More Venezuelans Take Refuge in Cryptocurrencies
5.5.2021
The president of Venezuela, Nicolas Maduro, approved a minimum wage raise increase last week that took it to three dollars monthly, a very low income for the citizens of the country that are facing a strong economic crisis since 2013. However, the crypto environment has been growing, and...
African Property Development Firm Partners Online Leasing Platform in a BTC for Solar Cells Scheme
29.4.2021
South African property developer, New Age Properties, says it has partnered with Sun Exchange, an online leasing platform, as part of an effort to bring cheap and clean energy to low-income earners. Bitcoin for Solar Cells According to the two companies’ working arrangement, Sun Exchange...
'Low income' Oyster Protocol founder allegedly has $10M yacht full of gold bars
10.12.2020
The founder of Oyster Protocol has been arrested and charged with operating a multimillion-dollar tax evasion scheme
Venezuela Bans Bitcoin Mining Operations in the Country’s Public Housing Sector
18.7.2020
According to the Venezuelan Minister of Habitat and Housing, the government has banned mining operations in any low-income neighborhoods with subsidized housing. Ildemaro Villarroel told the public the restrictions are due to “high power consumption” in those areas. The United Socialist...
Crypto Exchanges See Bitcoin Reserves Drop by 70% Since Black Thursday’s Market Rout
12.4.2020
Since the market carnage on March 12 otherwise known as Black Thursday, the exchange Bitmex has seen 36% of the trading platform’s bitcoin reserves withdrawn. A few other well-known crypto exchanges have seen cold wallets drained, while other trading platforms have witnessed reserve...
Spain’s Lawmakers Plan to Provide Basic Income to Low-Income Residents
12.4.2020
Spain is preparing to provide universal basic income (UBI) to low-income individuals due to the wrath of the coronavirus, the country’s minister for economic affairs Nadia Calviño recently explained. There’s no set date yet for the UBI program, but Spain’s officials said they...
As US Expands Subprime Mortgage Program, Is a New Crisis Looming?
19.8.2019
The Federal Housing Administration, a division of the U.S. Department of Housing and Urban Development, has recently adopted new guidelines widening the scope of condo purchases eligible for lower down payment loans insured by the government. While that could lead to more members of certain social...