How One Blockchain Caters to the Unbanked

dignity through identityHow One Blockchain Company Caters to the UnbankedImage Credit — Ashish GadnisBanQu is providing a permanent identity-based solution for the unbanked through a ground-breaking initiative. The blockchain-as-a-service software company aims to address the issue of global poverty by identifying those who have remained anonymous in vulnerable situations. Jointly founded in 2016 by Ashish Ghadnis and Hamse Warfa (himself a refugee from Somalia), BanQu gives an identity to the unbanked by equipping the unverified with an economic and transactional identity so that they can participate equally in the global economy.How BanQu Gives an Identity to the UnbankedAbout 2.5 billion people worldwide have little to no access to credit and banking services, which categorizes them as unbanked/underbanked individuals. People in this category often include refugees, internally displaced persons and the world's poorest, who remain excluded from the global economy and have no record of their education, financial history, past employment or other information needed to access banks and credit services.

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fintech,sustainable-development,blockchain,unbanked-blockchain,technology