The Stellar Development Foundation has released a financial inclusion framework that provides insights into the role of blockchain technology in facilitating payments both locally and internationally. The framework was developed in cooperation with PricewaterhouseCoopers International (PwC) and focuses on four countries: Kenya, the Philippines, Columbia, and Argentina.The framework provides a methodology to assess the capabilities of a financial solution to serve the needs of the financially underserved population. It was found that digital wallet solutions across the four countries had no cost to open, run, or maintain.The Stellar network has been working with other financial institutions, including MoneyGram, to enhance seamless off and on-ramping to the digital asset realm. It has also partnered with an aid organization to facilitate the distribution of funds to the affected Ukrainians.The Stellar Development Foundation has concluded that web3 industry players must promote regular education to stakeholders on the specific ways in which public blockchains can be used to promote financial inclusion.Coinbase is a trusted crypto exchange that allows users to buy Stellar (XLM) easily and with low fees via PayPal and credit card. It is regulated by the SEC and FINRA in the USA, and by CySEC and FCA in Europe.
This News Article was automatically generated by Bob the Bot (AI)
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | Africa |
| Countries | 🇰🇪 🇵🇠🇦🇷 |
| Sentiment | neutral |
| Relevance Score | 8 |
| People | Stellar Development Foundation, Circle, PricewaterhouseCoopers International, MoneyGram, Coinbase. |
| Companies | Stellar Development Foundation, Circle, PricewaterhouseCoopers International (PwC), Coinbase, MoneyGram |
| Currencies | Stellar, USDC, Ethereum, Bitcoin, Coinbase Wrapped Staked ETH |
| Securities | None |
