More than a billion women lack access to formal financial services, limiting their access to loans, savings and bank accounts. By decreasing the gender divide in technology, women’s economic opportunities can be expanded, benefiting the global economy.
But, financial inclusion requires innovative solutions with an energetic and supportive ecosystem. Blockchain lowers costs, shortens settlement times, and can provide a user-friendly experience for internal and cross-border payments. In addition, its youthful and motivated online creation community is talented and diverse.
Blockchain technology can improve the financial inclusion of women in the economy. Blockchain is still at an early stage, to be certain, and disparate regulatory approaches will complicate blockchain adoption. Understanding the technology, its risks, benefits and the surrounding ecosystem, will be key to helping shape the innovation’s future.