Tag: financial inclusion
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Nigeria has the potential to lead the global digital economy. Yemi Osinbajo, vice president, says
Vice President Yemi Osinbajo of Nigeria claims that his nation is well-positioned to take the lead globally in the digital economy. But for that to happen, Nigeria must make the right decision and put more effort into improving its digital literacy. Nigeria Better Equipped Than 3 Decades Ago Yemi Osinbajo, the vice president of…
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Bill Proposed by Senator Indira Kempis To Make Bitcoin Legal Tender In Mexico
A bill to recognize bitcoin as legal tender in Mexico has been put forth by senator Indira Kempis. The difficulties Mexican citizens encounter when attempting to access financial products and education serve as the basis for the bill’s action. The Central Bank of Mexico, however, has opposed the integration of bitcoin into the nation’s financial…
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Senator for the United States of America on Bitcoin: We Need Real Solutions to Make the Financial System Work for Everyone, Not Just the Rich
U.S. Senator Elizabeth Warren has argued that cryptocurrency is not a path to financial inclusion like crypto advocates claim. “Bitcoin ownership is even more concentrated within the top 1% than dollars,” she said, emphasizing the need for “real solutions to make the financial system work for everyone, not just the wealthy.” Senator Elizabeth Warren on…
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How Blockchain-Powered Platforms Promote Financial Inclusion in Developed Countries
Achieving financial inclusion or inclusive financing has been a daunting task in major parts of the world. The World Bank Group, the International Telecommunication Union (ITU) and the Committee on Payments and Market Infrastructures (CPMI), with support from the Bill & Melinda Gates Foundation, recently launched a program that will accelerate digital financial inclusion in developing countries.…