Moving Money: Could Digital Currency Impact Global Remittances and Financial Inclusion
summary
Panel presents concrete claims and pilots: a cash‑in cash‑out blockchain remittance backend (Bitspark) that routes to mobile money, experiments linking bitcoin to M‑Pesa SMS gateway and SMS wallets (Kipochi), and a proposed national rail blueprint (the Level One project). Key numbers: ~2 billion unbanked, 70% within mobile signal, 750 million without legal ID, Lesotho 21% GDP from remittances. Promised benefits are lower cost and faster settlement; challenges are AML/KYC, scalability to tens of thousands TPS, and public vs permissioned governance.
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chapters (5)
- 0:00Digital currency and remittances
- 1:32Financial exclusion drivers
- 8:14Technology for inclusion
- 19:27Blockchain adoption risks
- 27:32Q&A
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