Blockchain technology closes gaps by providing secure and efficient access to financial services for all sectors.
Challenges of balancing innovation and consumer protection outline the path to sustainable and effective financial inclusion.
In a recent report, the Stellar Development Foundation (SDF) takes us into the blockchain sector and its impact on financial inclusion. Imagine this as a master key to open the doors of the financial system to those who don’t yet have access.
It turns out that about 1.4 billion adults don’t even have a basic bank account. Yes, more than a billion! This translates into limited access to formal financial services, especially for those in economies with large informal sectors and persistent gender gaps.
Solutions on the Move
This is where the magic of blockchain comes in. The idea is to create solutions that are not only accessible, but also affordable. Reducing costs in international transactions is key, as fees for sending and receiving money acr
