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Innovations in Cryptocurrency Helping Financial Inclusion

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

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  1. Innovations in Cryptocurrency Helping Financial Inclusion Ed Lobbett – COO Acorn Collective

  2. What is financial inclusion? • Access to banking facilities • Access to finance, loans • Access to payments platforms • Ability to transfer money • Identity?

  3. What’s the problem? *World Bank

  4. 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.

  5. What does this mean for cryptocurrencies?

  6. What about businesses?

  7. Crowdfunding now exceeds VC funding

  8. But it’s still a closed shop

  9. And it’s expensive

  10. 28 Irish Town Gibraltar Ed.Lobbett@aco.ai Moritz.Kurtz@aco.ai

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