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Will 2024 See Crypto Boost Financial Inclusion? – PYMNTS.com

Crypto had a bumpy, and at times wild, 2023.But industry observers and participants continue to believe that blockchain technology and cryptocurrencies have the potential to revolutionize financial inclusion for marginalized and unbanked communities worldwide.There are many ways in which blockchain technology and cryptocurrencies can remove barriers, such as a lack of digital identity, for underserved individuals and communities. “Identity is required for participation in basically any system or network, but particularly for high stakes and highly regulated financial networks,” Ajay Rajani, vice president of expansion and crypto at Tala, told PYMNTS, adding that blockchain technology lowers that barrier to participation by enabling anyone to transact on its… 

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