TòrÒnet a Blockchain Platform Built Specifically for Financial Inclusion Laun...
PRESS RELEASE. TòròNet recently announced the launch of the network’s mainnet, following nearly six months of operating a testnet. The blockchain was launched together with stablecoins in four currencies in the African sub-continent to start. The blockchain is built specifically focused on the unbanked and inadequately banked, but with the premise that decentralized finance in the target communities will gain acceptance when initially denominated in familiar accounting units. TòròNet is organized as a digital autonomous organization (DAO), initially operated by a....
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The donation will be used to support fintech solutions that leverage blockchain technology and digital assets to further financial inclusion.
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....
Infosys will become the latest IT services giant to announce the introduction of a blockchain offering through its EdgeVerve Systems subsidiary today at its Infosys Confluence conference in San Francisco. Called the EdgeVerve Blockchain Framework, the product is aimed at furthering the adoption of blockchain tech in the financial services sector. Built on a permissioned distributed ledger, Infosys said the product will allow banks to "rapidly deploy" blockchain services, among other benefits. In promotional materials, EdgeVerve described the distributed ledger platform as....
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....
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....