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Summary:
New crypto technologies are standing on web2 fintech’s shoulders to accomplish the original objective of cryptocurrencies, providing a truly equitable financial future.
Discover a new way to generate PASSIVE INCOME from LENDING to quality businesses globally by taking 5 MINUTES to read about Goldfinch and its impact on financial inclusion.
In the same 5 minutes, businesses looking for capital will gain insight into Goldfinch’s ability to help secure loans upwards of 10,000,000 DOLLARS.
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This Article Features:
An overview of financial inclusion
An introduction to GoldFinch
A look into GoldFinch’s competition
An overview of GoldFinch’s team and investors
Conclusion
1. Financial Inclusion is a Target of Tech Innovation
Financial inclusion means that everyone has not only access to financial services, but most importantly equal participation in this space.
Therefore, it is monumentally important for technologies to disrupt systems to make financial inclusion a greater reality.
In web2, apps like Venmo and Revolut are very accessible due to their internet-native nature.
Therefore, by mitigating challenges like bureaucracy that exist at traditional financial institutions, fintech platforms like these often provide better user experiences to their users.
Additionally, fintech platforms tend to unbundle services such as payments, lending, and investing.
Thus, unbundling these use cases gives them an UNPARALLELED FOCUS on the problems they solve.
Significant progress has been achieved in expanding internet access, yet a considerable proportion of individuals domestically and internationally remain unbanked or underbanked.
In the United States alone, nearly 20% of the population was unbanked or underbanked.
GLOBALLY THERE ARE OVER A BILLION PEOPLE WITHOUT A BANK ACCOUNT.
With this in mind, there is a market for crypto solutions for not only personal but also business use.
Without a bank account or access to financial services, it makes it nearly impossible to run an effective business.
So when it comes to scaling a business, access to capital is very beneficial to drive positive business outcomes.
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