Before we knew internet, everything was banned like freedom and creative thinking to do something. Freedom was monopolized by the leaders of small towns. And when the internet came, these leaders surrendered their monopolized power and people find their ways to learn something and to do something.
The same happened with financial industry in last few years. The government of different countries monopolized most resources because to get every resource of living we need money and governments control this. And just like the internet gives us the freedom to do anything, blockchain did the same thing. It changed the way we transact and we think. We are accepting the change in money history, and this is a huge change. everything is working peer to peer why we need third party links to get our work done. Over 1.3 billion people are living in extreme poverty that means that means less than 1.25 dollars to spend everyday. Blockchain technology is a solution to too many problems.
For example, credit cards might offer a good way to access credit during times of emergencies medical expenses, urgent repairs, and even the need for small business expansion can usually be addressed with the swipe of a card. But what if you don’t have a credit card or even a bank account?
For most underbanked users, the last resort would be to turn to loan sharks and their extremely predatory interest rates. This contributes to the cycle of poverty, as such predatory lending practices often result in the borrower getting deep into debt even before they can finish off principal payments.
The one problem Blockchain technology will definitely end is Poverty. It’s a global problem. It’s everywhere. Blockchain technology could help poverty in so many ways like to establish identity, property ownership and helping small businesses, etc.
BANKEX wants to give better access to the millions and millions of unbanked and underbanked individuals across the globe through democratized financial services that are mainly blockchain-based. BANKEX platform is simpler than ever for users to take care of their banking and financial transactions through blockchain-powered services. And this has the potential to change the lives of millions of poor and marginalized users for the better, particularly through better access to capital, financial resources, and game-changing small business fundings.
The decentralized nature of the BANKEX Banking-as-a-Service makes such financial platforms significantly more efficient and secure. BANKEX are opening up financial world to the underserved. International financial services for everyone. Once everyone has the same access to payment and business services, everyone has a better chance to make money and a better life.
Through BANKEX Assets Tokenization, users can borrow small amounts of money by tokenizing their assets, without the need to undertake formal processes that traditional banks require, or without the predatory interest rates offered by loan sharks.