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Blockchain must include microfinance to democratize the financial sector

Blockchain must include microfinance to democratize the financial sector

Blockchain’s ambition of providing a democratized finance is possible through the incorporation of microfinance institutions. Microfinance has been instrumental in transforming economies globally and addressing issues on poverty alleviation and income inequalities. Blockchain technology, incorporated with immutability, efficiency, and transparency, can include the unbanked population in global financial systems. There are over two billion people in the world, with no access to financial services.






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