Cryptocurrency and the Unbanked: How the Blockchain Can Benefit the Impoverished
I recently came across a paper prepared by students from Columbia’s School of International and Public Affairs that delves into the benefits that cryptocurrency and the blockchain can provide to the world’s unbanked. Specifically, the paper discusses how cryptocurrencies can help with “reaching and benefitting the unbanked/underbanked people, who do not make use of traditional financial services, including banks.” Gemini Trust Company, LLC, one of...