Emerging markets and blockchain technology adoption
In countries such as the Philippines and Indonesia, prepaid mobile airtime users range from 95–98%; debit card penetration rates range from 3–5%; and unbanked rates range from 20–30%. In a nutshell, this market mostly is unbanked and probably have no access to even a basic identification tag, and patronize sachet-type services and microtransactions.
It’s no surprise then that adoption to blockchain technology in these markets remain low, at an estimated 0.19% of the Asia Pacific population, or 8 million people, owning a blockchain wallet.
What can XONIO do?
XONIO aims to address the gap between emerging market consumers and the advancing blockchain technology.
Driven to be the catalyst for the blockchain technology for mass adoption, XONIO was created to give anyone, especially in emerging Asian markets, access to the token economy. How? By leveraging on what everyone already has: telco prepaid airtime, and by giving these users access to a digital goods marketplace that also features an ERC20 token called XONIO.
Using telco prepaid airtime as a jumping off point to activate mobile users into digital goods consumers, fuelled by microtransactions over verticals like eSports and entertainment, not only solves the problem of financial inclusion in emerging markets; but also addresses the gap between unbanked individuals and the benefits of blockchain technology. With XONIO Mobile, anyone gains access to the token economy simply by converting telco prepaid airtime.
Learn more about XONIO’s focus from its founder, Raymond Racaza. Watch the video below.
The Global Inclusive Blockchain Conference was organized by the Singapore University of Social Sciences (SUSS) and Longhash to discuss topics from macroeconomics, finance and investment, regulation, standards and applications, to technical matters. Through the conference, SUSS presented the latest debates and exchanges among leading practitioners and thought leaders, as well as the opportunity to advance Blockchain knowledge and its applications.
XONIO was part of the panel discussion on Fintech Inclusion, last April.
For more info, visit www.xon.io. Join the community on Telegram. Watch more XONIO videos on Youtube.
