Can Crypto Address the Biggest Obstacle Facing the Unbanked?
— Facing, Crypto, Banks, Identity, Biggest, Address, Lack, Services, Access, Wallex — 1 min read
Global banking system excludes a staggering 1.7 billion people. Research has found that only 16% of unbanked Americans cite a distrust of banks as their primary concern. Wallex has embraced neobanking with an app-based offering that facilitates both fiat and cryptocurrency, with seamless payments and transfers. Neobanks originated as an online banking services alternative, but with advancements in blockchain technology and crypto currency integration, it can now offer these services in faster and more user-friendly ways. The minds behind Wallex believe that crypto can help the unbanked through blockchain-driven neobanks. The CEO of Wallex believes that cryptocurrency, more specifically, stablecoins, can play an important role, given that they’re more than 70% of new business models digitally enabled. Source