The 2008 financial crisis spread distrust in banks and sped up the acceptance of new kinds of money. Cryptocurrencies like Bitcoin now promise to provide transparent, democratic alternatives. Startups in the Philippines are disrupting old structures.
More than 50 million Filipinos are unbanked. FinTech startups are now giving them access to money. With little access to formal banking services, millions in the Philippines can’t save money, take out loans or perform other simple financial transactions. Now FinTech startups are raising levels of financial inclusion. Founders here believe the country is ripe for change, and that cryptocurrencies will provide the momentu
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