This problem matters because bank accounts are a first entry point into the formal financial system, and without them, people are left to transact in ways that are often risky, wasteful, and inconvenient. Parents squander time waiting in line to pay their children’s school fees in cash. Entrepreneurs turn to lenders who charge usurious rates. Cash savings get stuffed under a mattress.
Bank Accounts help people take control of their financial lives by offering better ways to manage money.
The level of disparity is indicating a vast gap between particular regions. This is a crucial issue.
BANKEX is building a blockchain-based Banking-as-a-Service (Bass) and Assets Tokenization. Both solutions are initiatives from BANKEX aimed to provide equal access to all “financially excluded” people around the world. BANKEX believes that the technology should improve human quality of life not the other way around.
BANKEX BaaS is a solution built on top of the blockchain, a decentralized and distributed ledger technology, ensuring unlimited access for all people around the world to gain financial services from any bank of their choice.
BANKEX’s Asset Tokenization is another breakthrough technology that could be a new way of funding for any businesses around the world. Any asset like car, house, farm can be tokenized and traded on the BANKEX platform for any kind of funding purpose.
