Opportunities and challenges for the financial inclusion of the other 2/3 of the world. World Bank estimates are staggering. Infrastructural and competitive obstacles are real both on pay-in and pay-out side, but could be surmounted by digital technologies and mobile penetration. Hint: shortening the long and inefficient supply chain for both cash- and prepaid card-based remittances. Biggest opportunity: using cryptography-based distributed ledger technology to unearth the $10 trillion of value hidden in the worlds underground economies and thus solve Hernando de Sotos mystery of capital. Now THAT is financial inclusion.
Posted on: Fri, 21 Mar 2014 23:00:37 +0000
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