Blockchain Startup Everex Aims for Financial Inclusion
A new startup called Everex, a financial inclusion blockchain remittance company, aims to nourish the 3.5 billion under-banked globally. The platform uses the Ethereum blockchain to create “cryptocash” assets, which are pegged to units of fiat currency and tethered to the peer-to-peer network. Everex Introduces Cryptocash. Everex is focused on building a....
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A successful blockchain remittance pilot has seen over 100 participating migrant workers transfer money to Myanmar, their homeland, instantly. Everex, an Asian blockchain startup focused on financial inclusion in the region facilitated transactions totaling over 850,000 Thai baht (approx. $24,000), using its wallet over a blockchain. The Thailand-based Fintech startup revealed that the successful pilot used the Ethereum blockchain, adding that the remittance transactions incurred no transaction fees for both sending value and currency conversion. Furthermore, transfers went through in....
Coins, a bitcoin startup that aims to bring financial inclusion in Southeast Asia has raised $5 million in a Series A round of funding to accelerate its effort to bring basic financial services for the unbanked in the region. Led by the Accion Frontier Inclusion Fund, the funding round also involved notable investors that includes prolific bitcoin- and blockchain-centric Digtial Currency Group former Google CEO Eric Schmidt’s Innovation Endeavors. Other investors include the investment arms of Globe Telecom and Smart Communications, the biggest telecom companies in the Philippines, making....
The donation will be used to support fintech solutions that leverage blockchain technology and digital assets to further financial inclusion.
"We've been quiet for a long time, but it's not because we're not running." Launched in 2014, bitcoin startup Coins has focused on promoting financial inclusion in Southeast Asia. Armed with services in the Philippines and Thailand, Coins garnered early interest from major merchants while signing up more than 500,000 app users – yet, it hasn't been public about its activities since 2015. That might soon change, however, as Coins has raised $5m in funding from an impressive array of global investors to further develop its mobile wallet and supporting services such as remittances....
It is not surprising most of the countries seeing success in the financial inclusion department are busy areas for Bitcoin as well. Financial inclusion is not a topic most developing countries in the world can deal with right now. In some regions, very few people have convenient access to a bank account. However, thanks to the boom in mobile smart devices, financial inclusion becomes easier to achieve. In fact, the countries focusing on these efforts are also seeing a significant Bitcoin growth as of late. Financial Inclusion Matters To Many Countries. According to the statistics outlined....