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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Unbanked, a crypto fintech firm specializing in crypto custody and payments services, has decided to close its operations, citing a harsh regulatory environment for cryptocurrencies in the United States. In a blog post published on May 26,
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Crypto fintech firm Unbanked, which provides crypto custody and payments services, has become the latest firm to close shop while citing a harsh regulatory environment for crypto in the United States. In a May 26 blog post, Unbanked co-founders Ian Kane and Daniel Gouldman said that when it first opened, it believed
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The Consensus Pitchfest 2023 gives a platform to firms that are leading game-changing innovations in crypto, creating more space for financial inclusion and empowerment globally. Source
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Regardless of the final outcome, every bear cycle in crypto has experienced such conundrums, and came out stronger, Xu said. “Having been in this industry for as long as I have, this news doesn’t surprise me to the point where we have become numb to the effects. It is to
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press release PRESS RELEASE. Today it was announced that Unbanked, the leading provider of white-label crypto card issuance and program management service for Web3 companies has partnered with Mastercard, to accelerate DeFi card issuance in Europe. Mastercard and Unbanked have already established a footprint in the United Kingdom and Europe and
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Unbanked has partnered with Moorwand to allow its customers spend their digital assets holdings at different merchant locations.Blockchain-based global fintech platform Unbanked announced the launch of its new crypto payment card to eligible players in the United Kingdom and other parts of Europe.This development comes at a time when the
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The eNaira, Nigeria’s central bank digital currency (CBDC), will enter the second phase of its expansion with new technology to beef up its user base, Nigerian Central Bank governor Godwin Emefiele said Thursday, speaking at the 2022 eNaira Hackathon in Abuja. The eNaira, Africa’s first CBDC, was launched in October
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Between 2011 and 2021, the share of the world’s adult population that had bank accounts rose from 51% to 76%, the findings of the latest World Bank Global Financial Index survey have shown. About 1.4 billion adults are, however, still unbanked, not having the money or the identification required for
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According to the World Bank study referenced above, nearly half of the world’s unbanked population resides in only seven countries – Bangladesh, China, India, Indonesia, Mexico, Nigeria and Pakistan. Not one of these countries scores above a 45 on the CPI. All but two of them are in the bottom
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For years, traditional financial institutions in different parts of the world have been attempting to narrow the financial exclusion gap by extending their services to the unbanked population. Yet for many reasons, these institutions still cannot avail their products and services to everyone that needs them. Regulatory Hurdles While there are several
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