This is How Fintech Ensures Equal Access to Finance

Proliferation of cryptocurrencies has led to development of a whole plethora of projects and full-fledged ecosystems, whose goal is to ensure easy access to financial products. Access to financial services is one of the most pressing issues of the modern days. In theory, the modern financial system provides a lot of opportunities and financial services, such as bank accounts, savings, credit, investment products, etc, but in reality larger populace of even most countries do not have access even to the very basic financial services. Investment is even worse in terms of accessibility. Traditional finance, unfortunately, can do very little to solve this issue. For example, in the United Kingdom, financial inclusivity is one of the main priorities for the House of Commons Treasury Committee, but in its annual reports the…
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