How Blockchain, Digital assets, and Web3 Unlock Financial Inclusion Globally
Mar 23, 2023
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Government policies promise to bring about financial inclusivity, but the results are disappointing.
To elevate financial inclusion, blockchain technology sparks a new ray of hope for the underserved community.
Albeit the world is aggressively progressing toward a digital economy, millions of people and communities lack even the most basic amenities. In Sub-Saharan Africa, for example, over 80 million adults remain unbanked and have to resort to cash for all transactions. Whereas the Middle East and North African region count for about 20 million adults with no bank accounts, including 10 million in the Arab Republic of Egypt, according to the Global Findex 2021 database.
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