Eight of the United Nations’ 17 Sustainable Development Goals (SDG) focus on expanding access to financial service.
Access to appropriate and affordable financial goods and services is a key component of financial inclusion for both individuals and corporate entities.
Financial services that are delivered in a responsible and sustainable manner include the ability to conduct transactions, make payments, save money, and have access to a crypto or bank account.
The latest Global Findex survey by the World Bank of 125,000 people in 123 jurisdictions indicates positive news: significant advances have been made in the last 10 years in several connected areas of finance.
It was found that almost 1.4 billion adults do not have access to traditional financial services. The World Bank study also found that 6 million Americans were “unbanked” last year.
There has been a lot of progress in the previous several years, but there is still a need to do more to fully appreciate the digital age.
Unbanked Inc: Using The Power Of Blockchain & Crypto To Connect People
This is where Unbanked Inc comes in the picture. Unbanked is on a campaign to educate people on financial freedom, blockchain and cryptocurrency technology.
For those interested in bridging the gap between the worlds of blockchain technology and cryptocurrency and conventional banking, Unbanked is the place to go.
Unbanked Inc, a New York-headquartered SEC-registered company, allows customers in over 200 countries to use their Federal Deposit Insurance Corporation (FDIC)-insured bank accounts to buy cryptocurrency through unbanked.com.
Unbanked Crypto Card: Financial Freedom & Power In Your Hands
On November 30, 2022, Unbanked announced that citizens of the United Kingdom, Norway, and every EU member state (excluding Austria and the Netherlands) would be able to apply for an Unbanked Crypto Card.
Moorwand, a London-based payments startup, has teamed with Unbanked to issue cards that consumers may use to spend their crypto assets.
The primary objective of Unbanked is to provide global access to crypto-friendly financial services without requiring extensive knowledge of blockchain and digital currencies.
Unique Set Of Financial & Crypto Solutions Within Reach
Unbanked cardholders can fund their user accounts with 15 different cryptocurrencies, including BTC, ETH, XLM, UNI, and UNBNK, the company’s native currency.
Moorwand links cryptocurrencies to a crypto-backed card, allowing users to convert bitcoin to fiat currency in real-time at retailers that accept cards.
The card provides a distinctive blend of financial, payment, and crypto solutions that enhance users’ access to and utilization of crypto assets.
At Unbanked.com, you may buy, sell, and exchange UNBNK on both the Ethereum and Stellar blockchains at a rate of 1:1 (one to one).
The major token in circulation is the UNBNK denomination. When a cryptocurrency like Bitcoin is loaded onto the card, it is immediately converted into UNBNK and held there until it is used.
At first, UNBNK’s supply was limited to a maximum of 1 billion. On occasion, the mint/burn mechanism is utilized in order to accomplish the goal of maintaining a constant supply of UNBNK on both Stellar and Ethereum.
The Unbanked Crypto Card: It’s Your Currency
Daniel Gouldman, co-founder and co-chief executive officer of Unbanked, commented on the company’s European growth by noting that they spent nearly three years building this creative approach “to make the Unbanked Card available to Europeans.”
Gouldman added:
“It’s exciting to know that with this launch, we’ll be able to provide U.K. and European people with access to one of the most advanced crypto-powered cards on the market.”
Indeed, the Unbanked Crypto Card is designed to be the people’s currency, the company’s website says.
Litecoin Foundation, Nexo, StormX, and Stacks, to mention a few, have received full licenses to use Unbanked’s software and incorporated it into their applications.
Meanwhile, a 2% fee is charged to users withdrawing UNBNK from their Unbanked.com dashboards, which is a deflationary effect of UNBNK.
Total UNBNK Ethereum and UNBNK Stellar supply was 999,800,849 at press time.
According to Inc. 5000, Unbanked is the 327th fastest growing company in the United States, and Canadian entrepreneur and television personality Kevin “Mr. Wonderful” O’Leary declared Unbanked the winner of a Shark Pitch.
Among the other participants in the European crypto card market are major crypto exchanges like Binance, Crypto.com, Coinbase, and Gemini, who have all rolled out their own offerings that are comparable to that of Unbanked’s.
Unbanked Mantra: Financial Access Is ‘A Fundamental Human Right’
Unbanked has developed into a standard platform for combining the dependability and discipline of traditional financial institutions with the versatility that decentralized financing (DeFi) provides its consumers, in alignment with the organization’s founders’ concept.
Unbanked acknowledges the importance of financial access, defining it as “a fundamental human right.”
Between 2020 and 2030, the global FinTech market is anticipated to expand at a compound annual growth rate of 21%, from an estimated $111 billion in 2020 to $700 billion.
Unbanked Inc – rapidly evolving with today’s latest advancements in financial technology – will play a major role in this remarkable growth.
Where To Get UNBNK?
UNBNK is only available on decentralized exchanges such as Uniswap, Sushiswap, and Lumenswap at the moment. Additionally, UNBNK can be purchased at Unbanked.com.
Uniswap: https://app.uniswap.org/#/tokens/ethereum/0x06b884e60794ce02aafab13791b59a2e6a07442f
Sushiswap: https://www.sushi.com/swap
LumenSwap: https://amm.lumenswap.io/swap/XLM/UNBNK
Unbanked: https://unbanked.com/
Social Links
http://twitter.com/unbankedhq
https://www.linkedin.com/company/unbankedhq/
https://www.youtube.com/@unbankedhq
