Crypto use more common among the underbanked, says FDIC report
Last year, underbanked households more commonly used crypto than those with no banking access whatsoever, according to an FDIC survey. Go to Source
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Sui blockchain taps radio waves to bank the offline unbanked
Sui blockchain innovates with alternative methods, like radio waves, to enable offline crypto transactions for unbanked communities, even those without internet access. Go to Source
Crypto is democratizing investment banking options—Lightspark founder
Cryptocurrencies will challenge the current banking hegemony layer-by-layer, the speakers noted at the 2024 Bitcoin event in Nashville. Go to Source
‘Exhausted all options’ — Unbanked to close after being left hanging by investor
Unbanked is yet another crypto firm to wind down this month, joining BottlePay, HotBit, Teressa, and most recently, TradeBlock. Go to Source Powered by WPeMatico
‘Over-Collateralization Can Help Mitigate the Risk of Stablecoin Depegging’ — Pendulum CTO
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 traditional financial institutions on board once “a substantial amount of liquidity … Read more
Unbanked and Mastercard Team Up to Accelerate Crypto Card Adoption Within Web3 Organizations in Europe
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 in the United Kingdom and Europe and solidified relationships with leading Web3 organizations … Read more
MIT, Maiden Labs examine CBDC inclusiveness issues in report from four countries
The report concentrates on real-world research from low- and middle-income countries and untangles questions of inclusiveness, trust and functionality. Go to Source Powered by WPeMatico
Southeast Asia and DeFi’s Big Bet on the Unbanked
With 70% of the Southeast Asian population under/unbanked, DeFi solutions have positioned themselves as catalysts for financial transformation. Go to Source Powered by WPeMatico
We need to move a lot faster on Global South Bitcoin adoption: Paxful CEO
“The global South is where we should be looking” for Bitcoin adoption, Paxful CEO Ray Youssef told Cointelegraph in an interview at the gym. Go to Source Powered by WPeMatico
Report: Zimbabwe Tertiary Learning Institution Developing Central Bank Digital Currency
Harare Institute of Technology, a Zimbabwean higher learning institution, is reportedly developing a central bank digital currency (CBDC). Quinton Kanhukamwe, the institution’s vice chancellor, said the digital currency is expected to help eliminate vices such as currency manipulation and unsanctioned foreign exchange deals. Eliminating Illegal Foreign Exchange Deals A Zimbabwean tertiary learning institution, the Harare … Read more
