This is definitely a problem. There are many divides. Digital divide. Then not everyone had a credit card. Not everyone has a bank account. https://twitter.com/ghostinmypocket/status/1345129288664813569
22% of Americans are unbanked or underbanked.

“The events of recent months relating to COVID-19 ..have brought increased attention to the digital divide...an economy that runs on the assumption that individuals have full access to traditional banking” https://www.forbes.com/advisor/banking/costs-of-being-unbanked-or-underbanked/
The Costs Of Being Unbanked Or Underbanked

According to a 2019 report by the Federal Reserve, 22% of American adults (63 million) are either unbanked or underbanked. The 6% of Americans who are unbanked have no bank account whatsoever and...

https://www.forbes.com/advisor/banking/costs-of-being-unbanked-or-underbanked/
“the unbanked and underbanked ..less education or to be in a racial or ethnic minority group, according to the Fed data. Put all of these characteristics together.. those who are unbanked and underbanked... who may have historically felt shut out of traditional banking”
“..costs of alternative financial services ..add up to a much steeper expense over time. According to the Financial Health Network, unbanked and underbanked Americans spent $189 billion in fees and interest on financial products in 2018”

= cost of poverty
“The biggest issue w/ using prepaid cards, however, is that, unlike credit cards, they do nothing to help their users build and maintain a credit history...credit history..accessed by employers, landlords, utility companies and insurers in making decisions on whom to hire, rent”
A viewpoint on whether #cryptocurrency & #blockchain can be the answer for “banking the unbanked” https://www.forbes.com/sites/yayafanusie/2021/01/01/stop-saying-you-want-to-bank-the-unbanked/
Stop Saying You Want To Bank The Unbanked

The mantra of "Banking the Unbanked" is well-meaning, but misguided. Technology is not necessarily the answer. To improve the finances of poorer communities, it is better to focus on their status as...

https://www.forbes.com/sites/yayafanusie/2021/01/01/stop-saying-you-want-to-bank-the-unbanked/
Key parts here. Issues are lack of income which means they are unbanked as undermarketed as not an “attractive” market.

We need to raise incomes. How to store, access, transfer, invest money is less an issue.
Key parts here. Issues are lack of income which means they are unbanked as undermarketed as not an “attractive” market. We need to raise incomes. How to store, access, transfer, invest money is less an issue.
Key parts here. Issues are lack of income which means they are unbanked as undermarketed as not an “attractive” market. We need to raise incomes. How to store, access, transfer, invest money is less an issue.
Key parts here. Issues are lack of income which means they are unbanked as undermarketed as not an “attractive” market. We need to raise incomes. How to store, access, transfer, invest money is less an issue.
Key parts here. Issues are lack of income which means they are unbanked as undermarketed as not an “attractive” market. We need to raise incomes. How to store, access, transfer, invest money is less an issue.
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