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Innovations in Cryptocurrency Helping Financial Inclusion. Ed Lobbett – COO Acorn Collective. What is financial inclusion?. Access to banking facilities Access to finance, loans Access to payments platforms Ability to transfer money Identity?. What’s the problem?. *World Bank.
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Innovations in Cryptocurrency Helping Financial Inclusion Ed Lobbett – COO Acorn Collective
What is financial inclusion? • Access to banking facilities • Access to finance, loans • Access to payments platforms • Ability to transfer money • Identity?
What’s the problem? *World Bank
How are people managing now? • Mobile-only banking is most popular in developing countries with large unbanked populations; usage rates are highest in India (46%), Indonesia (37%), Mexico (34%) and Turkey (34%). • Of the top 10 markets that use peer-to-peer mobile transactions (giving to or receiving money from another person), eight are emerging markets.
28 Irish Town Gibraltar Ed.Lobbett@aco.ai Moritz.Kurtz@aco.ai