Hi everyone, let's discover Cardano's ambitious roadmap to include the forgotten people of Africa.
Our Cardano articles:
- Why Cardano is the right investment right now! PART 1. A fundamental look at Bitcoin, Ethereum and Cardano.
- Why Cardano is the right investment right now! PART 2. A comparison with Ethereum.
- Why Cardano is the right investment right now! PART 3. An ambitious roadmap for Africa's unbanked.
Who and what are the unbanked?
- Unbanked refers to adults who do not use or do not have access to any traditional financial services including savings accounts, credit cards, or personal checks.
- Often concentrated in less developed countries or in poorer regions of developed countries, most of the unbanked lack access to financial services and are not included in the global financial system.
- Unbanked people also typically do not have insurance, pensions, or any other type of professional money-related services. They may take advantage of alternative financial services, such as check-cashing and payday lending, if such services are available to them, often at expensive conditions.
What are the world's most unbanked countries and regions?
Unbanked per Countries:
- The most unbanked country is Morocco, with 71% of its population excluded from financial services, followed by Vietnam with 69% and Egypt with 67%.
- The full list includes: Philippines (66%); Mexico (63%); Nigeria (30%); Peru (57%); Colombia (54%); Indonesia (51%); Argentina (51%); Kenya (44%); Romania (42%); Kazakhstan (41%); Ukraine (37%); Urugua (36%);...
Unbanked per Regions:
- Middle East and Africa: 50%;
- South America and Central America: 38%;
- Eastern Europe and former Soviet Union: 33%;
- Asia Pacific's: 24%.
Cardano and Africa.
Charles Hoskinson.
Charles Hoskinson, founder and CEO of IOG and inventor of Cardano, will deliver a keynote at the Blockchain Africa Conference 2021 on Cardano's projects on the African continent. The conference takes place online from March 18th-19th and is free of charge.
Cardano's African Projects.
- Ethiopia: Cardano is in the final stages of securing a government contract in Ethiopia to bring millions of users onto the Cardano blockchain, in the biggest blockchain deployment to date.
- Other countries include South Africa, Kenya, Nigeria and Tanzania.
- Cardano will also offer every telecommunications customer a digital identity.
Blockchain Africa Conference 2021 Tickets are free.
Join the event with this free ticket.
Cardano's mission.
If you believe that it is time for all people to have a future by including them in the new world's decentralized financial system, then Cardano is a project you should consider to invest in. DeFi will soon come to Cardano, and this will open up further opportunities for people who can profit from these trends. Also consider the high network fees on Ethereum.
Disclaimer:
This is not financial advice, yet intended to offer you a starting point from where to do your own research!
