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Crypto use more common among the underbanked, says FDIC report
13.11.2024
Last year, underbanked households more commonly used crypto than those with no banking access whatsoever, according to an FDIC survey
Sui blockchain taps radio waves to bank the offline unbanked
4.9.2024
Sui blockchain innovates with alternative methods, like radio waves, to enable offline crypto transactions for unbanked communities, even those without internet access
Crypto is democratizing investment banking options—Lightspark founder
25.7.2024
Cryptocurrencies will challenge the current banking hegemony layer-by-layer, the speakers noted at the 2024 Bitcoin event in Nashville
South African Startup Neonomad to Launch Rand-Backed Stablecoin
24.7.2024
Neonomad, the South African hybrid exchange platform, is set to launch Zarcoin, a stablecoin tied to the South African Rand. This innovative stablecoin epitomizes the seamless integration of regulatory safety with decentralized efficiency. Neonomad’s platform will also facilitate multiple...
Nigeria’s SEC boss says crypto can aid 38M unbanked
28.6.2024
Agama noted that cryptocurrencies like Bitcoin can greatly lower remittance costs, making it easier and cheaper for Nigerians abroad to send money home
Peru adopts India's UPI system to boost financial inclusion
7.6.2024
The Indian instant payment system is gradually making its way around the world. Soc India and Peru collaborate on payments
Nigeria’s Central Bank Partners with Gluwa to Boost eNaira Amid Global Regulation Changes
7.3.2024
The Nigerian Central Bank has partnered with the blockchain-based financial platform Gluwa Nigeria to increase the adoption of its digital currency, the eNaira. This move seeks to address financial inclusion challenges and provide credit access to unbanked individuals.
The post Nigeria’s...
eTukTuk to address wealth imbalance for the unbanked people
11.12.2023
Among the most pivotal Blockchain and crypto apps we witness daily in real life are technologies that aim to transform the world through financial inclusion. Decentralized platforms like eTukTuk help empower unbanked populations worldwide who often rely on informal financial systems. Certain parts...
Kenyan Fintech Startup Kotani Pay Receives $2 Million Pre-Seed Funding
8.9.2023
The Kenyan fintech startup Kotani Pay has raised $2 million in a pre-seed funding round which was led by P1 Ventures. The capital raised will be used to fund the startup’s expansion into five African countries. Felix Macharia said his firm is working with central banks, some of whom...
‘Exhausted all options’ — Unbanked to close after being left hanging by investor
26.5.2023
Unbanked is yet another crypto firm to wind down this month, joining BottlePay, HotBit, Teressa, and most recently, TradeBlock
Bitcoin Voucher Provider Azteco Secures $6 Million Funding Round Led by Jack Dorsey
20.5.2023
On Thursday, California-based bitcoin voucher company Azteco revealed it had garnered $6 million in seed funding through a round spearheaded by Block, Inc.’s CEO and chairperson, Jack Dorsey. Azteco stated that the newly acquired capital would further its objective to “provide...
Consensus Pitchfest 2023: Finance for the Unbanked
21.4.2023
The Consensus Pitchfest 2023 gives a platform to firms that are leading game-changing innovations in crypto, creating more space for financial inclusion and empowerment globally
Sempo Delivers Cash Aid for the Unbanked in Crisis
17.4.2023
Digital money is becoming the go-to vehicle for serving people in humanitarian crises. But when disaster victims have no smartphones or bank accounts, aid organizations have to distribute cash more creatively. That’s why Sempo is one of CoinDesk’s Projects to Watch 2023
‘Over-Collateralization Can Help Mitigate the Risk of Stablecoin Depegging’ — Pendulum CTO
5.4.2023
Despite being touted as a game-changing innovation, the decentralized finance (defi) ecosystem is still not connected to fiat rails largely because of regulatory and compliance issues, Torsten Stuber, the CTO at Pendulum says. According to Stuber, the defi ecosystem will succeed in getting more...
Egyptian Fintech MNT-Halan Secures $400 Million in Funding, Valuation Rises to Over $1 Billion
4.2.2023
Egyptian fintech MNT-Halan announced on Feb. 1 that it had raised over $340 million via debt and equity and it expects to raise an additional $60 million from leading international investors. The latest funding round sees MNT-Halan’s valuation rise to over $1 billion which reportedly makes...
Unbanked and Mastercard Team Up to Accelerate Crypto Card Adoption Within Web3 Organizations in Europe
30.1.2023
PRESS RELEASE. Today it was announced that Unbanked, the leading provider of white-label crypto card issuance and program management service for Web3 companies has partnered with Mastercard, to accelerate DeFi card issuance in Europe. Mastercard and Unbanked have already established a footprint...
MIT, Maiden Labs examine CBDC inclusiveness issues in report from 4 countries
13.1.2023
The report concentrates on real-world research from low- and middle-income countries and untangles questions of inclusiveness, trust and functionality
Nigeria’s Rising Inflation and Foreign Exchange Shortages Fueling Devaluation Speculation — IMF Mission
20.11.2022
According to the International Monetary Fund (IMF)’s mission concluding statement, Nigeria’s rising inflation rate as well as the continuing shortage of foreign currency are fueling the naira devaluation speculations. To achieve a unified naira exchange rate, the global lender said...
Southeast Asia and DeFi’s Big Bet on the Unbanked
7.11.2022
With 70% of the Southeast Asian population under/unbanked, DeFi solutions have positioned themselves as catalysts for financial transformation
We need to move a lot faster on Global South Bitcoin adoption: Paxful CEO
2.11.2022
“The global South is where we should be looking” for Bitcoin adoption, Paxful CEO Ray Youssef told Cointelegraph in an interview at the gym