Forging radical paths in charting economic inclusion, Bitcoin gains ground as policymakers and grassroots pilots test crypto remittances, microfinance and censorship-resistant payments to reach the unbanked.
The Cantillon Effect shows how newly created money favors those closest to its source, inflating asset prices and widening wealth gaps. Learning this helps explain monetary policy’s role in inequality.
“Understanding the Unbanked: Bridging Financial Inclusion Gaps” examines the complex barriers hindering access to financial services for billions globally. By highlighting innovative solutions, the article aims to foster empowerment and drive meaningful change in underserved communities.
Despite facing financial challenges, a sizeable portion of individuals underestimate their economic standing. Studies reveal that many who self-identify as “poor” actually fall within the top 10% of global income earners. This disparity highlights the subjective nature of wealth perception and the need for a more nuanced understanding of economic well-being.