Blockchain and the Unbanked
1 min readJun 6, 2018
This article is part of the Advanced Blockchain AG blockchain blog.
It may be hard to believe, but there are nearly 1.7 billion people without access to a bank account. According to the World Bank's financial inclusion database , the bank accounts remain at a staggering 22% of the world population.
That's at least 1 in every 5 adults.
The US Federal Deposit Insurance Corporation estimates that in 2015, 7% of the US population, about 9 million households, were unbanked.