Can blockchain and cryptocurrencies become the technology that truly levels the playing field for humanity and help continue the reduction of poverty? Yes.
Financial inclusion is considered a key factor to poverty reduction. It gives people access to a formal financial system. With over 2 million unbanked, mobile options can provide a more convenient choice.
Blockchain startup Everex, which launched its ICO recently and already raised over 6 million USD (Roughly 27,000 Ethereum), considers financial inclusion as part of its mission.
“The lesson learned from the previous decade, however, is that the real needs of the world’s unbanked population comprise inclusion, empowerment and easy access to the same financial instruments that allow industrial nations to provide their denizens with the social mobility they enjoy,” a recent Everex blog post said.
Read more at Forbes.