Ahead of Traditional Banking: How Africa Employs Blockchain For Financial Inclusion
Cointelegraph
Published Oct 04, 2018 08:00AM ET
Updated Oct 04, 2018 08:21AM ET
Ahead of Traditional Banking: How Africa Employs Blockchain For Financial Inclusion
On September 27, at the 73rd Session of the U.N. General Assembly (UNGA), Sierra Leone’s president Julius Maada Bio made an announcement where he declared that his country had set a new goal to create a national, blockchain-based credit bureau to “radically transform” the country’s financial inclusion landscape.
While the aim sounds ambitious, there’s some evidence that Africa’s population might never need traditional banks per se. Instead, they could start managing their money through newer, decentralized methods.
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Written By: Cointelegraph
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