Introducing CRDTPay, A Catalyst for Social Change

The global financial system consists of a set of institutions that allow individuals or businesses to exchange funds. Borrowed can interact with lenders, while businesses can get in touch with investors to get their projects off the ground. Banks allow individuals access to funds for consumption or investments. Banks give us access to digital payments and access to different financial products such as loans, insurance, investment opportunities.

However, while we take banks and the services they offer for granted, a significant chunk of the global population has no access to banks or any other financial services. This “unbanked” section of the population has no access to banks, ATMs, cheques, credit cards, savings accounts, access to loans or mortgages is denied, and they have no way of sending funds to an individual or receiving any funds. This financial exclusion impacts their way of living, their quality of life, and most importantly, renders them unable to invest in the future. However, what if there was a way of getting unbanked individuals to access financial services through a new global banking system that brings end-to-end payments solutions to their fingertips.

Enter CRDTPay, A Catalyst For Social Change

Let us look at some statistics; in a highly developed country like the USA, 7% of the population has no access to banking services. If we look at other, less developed countries such as Nigeria (60%), the Philippines (66%), Columbia (54%), Kenya (44%), it tells us that a vast majority of the population is unbanked. CRDTPay is a new global financial system that brings the financial system to your fingertips. It can act as a payments network, operating as your very own Visa or Mastercard network.

CRDTPay has the potential to revolutionize banking services completely and bring about a positive social change by getting the unbanked access to the financial system thanks to its end-to-end payments solution. By giving crypto banking solutions to their fingertips, CRDTPay brings together a diverse ecosystem and provides a one-stop solution for transferring value. CRDTPay is basically the entire financial system accessible through just a smartphone, with the platform supporting cryptocurrencies, fiat currencies, and third-party issued payment cards.

In the CRDTPay ecosystem, a single entity is responsible for all roles and responsibilities, eliminating the need for any third party, which leads to lower fees.

The Different Features Of CRDTPay

  • CRDTPay can be used on android and iOS devices, allowing users to access a banking ecosystem directly from their smartphones. It also supports cross-platform payments (Android to iOS and vice versa).

Conclusion

CRDT, along with the features that it provides, essentially acts as a bank in your pocket. Individuals can send or receive funds through a simple smartphone, exchange crypto, send remittances, and pay contactlessly. CRDTPay has significant potential to bring about social change and financial inclusion to the unbanked sections of society by giving them access to a whole financial ecosystem at their fingertips.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.