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Innovations in Cryptocurrency Helping Financial Inclusion

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Presentation on theme: "Innovations in Cryptocurrency Helping Financial Inclusion"— Presentation transcript:

1 Innovations in Cryptocurrency Helping Financial Inclusion
Ed Lobbett – COO Acorn Collective

2 What is financial inclusion?
Access to banking facilities Access to finance, loans Access to payments platforms Ability to transfer money Identity?

3 What’s the problem? *World Bank

4 How are people managing now?
Mobile-only banking is most popular in developing countries with large unbanked populations; usage rates are highest in India (46%), Indonesia (37%), Mexico (34%) and Turkey (34%). Of the top 10 markets that use peer-to-peer mobile transactions (giving to or receiving money from another person), eight are emerging markets.

5 What does this mean for cryptocurrencies?

6 What about businesses?

7 Crowdfunding now exceeds VC funding

8 But it’s still a closed shop

9 And it’s expensive

10 28 Irish Town Gibraltar


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