Digital Currencies in Emerging Markets for the Underserved

Tricia Martinez

Founder and CEO of Wala

Digital Currencies in Emerging Markets for the Underserved

01:30 PM 8 March 2018

Emerging market consumers have long suffered from a lack of accessible and affordable financial services, leaving 3.5 billion consumers globally unbanked and underserved. It has been broadly recognized that greater access to financial services for both individuals and businesses accelerates economic activity. As emerging markets continue to grow rapidly, with the global middle class expected to increase 2.7 times from approximately 2 billion in 2009 to 5 billion in 2030, financial inclusion is now more important than ever.

Yet in the 21st century, nearly half the world’s population still operates outside the formal financial system due to high cost and limited accessibility. Using the best of blockchain technology, cryptocurrency, and tokenization this financial inclusion problem can be solved.