.jpg)
What is impact of blockchain at financial inclusion?
Assalam o Alykum hope so all steemian will be fine so today am participating of contest this is organized by @khursheedanwar .. so lets start the contest today am dicussing the topic about the impact of blockchain on financial inclusion.. the Financially to inclusion mentions to given individuals & the businesses acces to afordablle financiall kindness aditionally the million on the remain the un banked or the unders of the banking to the international. the blockchain has the possiblly to crosing the over to this gap & revolutionising to acess the financially services.
the one of the bigest barriers to the financial adition is the lack of expllosion to traditional banking of mostlly in the remote area. the blockchain to through of the cryptocurrencys to & decentralising finance to the allowing on the people to acces of the financially to services with the just a smart of phone & internet conection. This is the destroys to the need for physically of banks and reducess the high of the costs asociated with the banking.
When the blockchain to alsotake to the down transaction of the costs on mostlly for the cross the border of the payment be like remitances the which offten the come with the high fees. to with blockchain on these transactions of becoming fasters the cheaper & more securing to helping people keep more of their the money.
The technology to the transparencys & the securitys the features can also build to the trust as the every transaction is recording to on a public registry. This is the makes to it easiest to tracks and verify payments to redusing fraud to & corruptions to the risks.
Aditionally to the decentralized finance to the to the opens the up new oportunities to for the people to apropriate on lend and invest to without the traditionally the intercessor. the blockchain to can also the help individuals to without the properlly to identificetion for the create on the secure digitally the identitys the according to them acces to the financially services
You are right with the blockchain and its decentralized nature there is no need for an intercessor when carrying out financial transactions. Thanks for participating @sarahisham
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit