According to the latest World Bank report, 24% of adults around the world have no bank or mobile account. That means there are 1.7 billion people currently living without access to any financial services.
There is a danger that Binance, and other cryptoexchanges, are selling crypto as the solution to all the world’s ills – in the case of Africa, the nightmare of persistently high inflation, poor wages, and in some cases, poverty. The glamour of elite football is making such products all the more appealing, and helping cover over many of the risks.
Trying to avoid buying DRC cobalt makes little sense in purely financial terms. The DRC’s predominant role in global supply means that buyers will need to pay a premium to avoid it entirely. There is no green world without DRC cobalt
For the challenger banks, winning customers from entrenched incumbents will not be easy. New entrants such as Bank Zero and Discovery Bank have been targeting millennials with mobile banking offers but to date have failed to really take off, Mokgabudi says.
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