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Blog URL: https://xrpcommunity.blog/reaching-out-to-those-abandoned-by-traditional-banking/ Billions of adults are considered un-banked. I discuss ILP's role in solving this problem & cover the latest XRP news in today's blog: 𝗪𝗵𝗼 𝘁𝗼 𝗙𝗼𝗹𝗹𝗼𝘄: To keep up to date on how fintech innovations are connecting the un-banked, I recommend following Chris Larsen and Mojaloop. 𝐑𝐢𝐩𝐩𝐥𝐞 𝐍𝐞𝐰𝐬: Modern Consensus interviews Forte's Kent Wakeford, the former COO of Kabam, about the new collaboration with Ripple. 𝐗𝐑𝐏 𝐍𝐞𝐰𝐬: Wietse Wind publishes a handy tool for composing multi-sign transactions; @baltazar223's Weekend Project inspires donations to the XRP Community Fund; @SchlaubiD makes a program available for download that enables sending XRP through MS Outlook; Bithomp adds a form to enable users to report suspicious or known scam/fraud XRP wallet information; DigitalNomadInvestor offers new XRP designs available for sale through his swag store; Two new exchanges indicate they will list XRP; and the "XRP Torch" was just passed from the US to Japan! I hope you enjoy the read: Please feel free to share my blog with a friend or share it on any other platform - and thanks for doing so! My blog announcement links on other platforms: Twitter Reddit r/Ripple Reddit r/CryptoCurrency Reddit r/CryptoMarkets Reddit r/xrp Reddit r/RippleTalk Reddit r/alternativecoin Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread
Currently there is a booming business for medical marijuana in States that it is sanctioned as legal. Yet, this business continues to largely be dominated as cash only, as no banks want them as their customers. What if we launched a targeted marketing program to educate and facilitate these unbanked businesses to use XRP in place of cash? Their money would be even safer with a multisign wallet like BitGo. Typical dispensary operations today operate with a large physical safe of cash to function as their 'bank account' and carries with it many physical risks (ie robbery) and inconvenience (ie cash counting, transporting cash safely, failure to deliver funds either deliberate or accidental both which slow business).
Amazon launched a new product -Amazon Cash- aimed at "helping" the unbanked. It seems really lame and disingenuous so I wrote them a blog post telling them how to make it better. https://medium.com/@haydentiff/psss-amazon-49509f04e820
https://thenextweb.com/africa/2017/05/04/fintech-afrika-much-just-mobile-money-remittances/#.tnw_k6yLcaMk Great article that describes a situation ripe for a mobile platform that integrates with Ripple. First let's get the shocking numbers out of the way: Now about how Ripple can help:
Maybe I'm being a tad over-dramatic, but everything about financial institutions sucks right now. Is needing to show "proof of residency" unique to Gatehub, or do all of the Ripple gateways require that? Not everybody is fortunate enough to have a residency... I was going to find somebody with good health insurance to marry really soon. Thank goodness I didn't rush that. I'll also need to make sure they have access to banking.