And the people most affected are the rural poor who are largely unbanked and with even more limited access to new currency.

Source: https://foreignpolicy.com/2023/02/15/nigeria-presidential-election-gas-fuel-money-cash-shortage/

Azteco offers a unique way to buy Bitcoin worldwide with a focus on making it easier for unbanked populations to use the digital money.

Source: https://biztoc.com/x/091c89e2a5c90921?ref=ff

“Economic growth projections make it imperative for the government to aim at expanding financial inclusion in the country by reducing the number of the unbanked population.

Source: https://newsday.com.ng/why-we-settbuhari-reveals-why-his-government-settled-for-redesign-of-n200-n500-n1000-note/?utm_source=rss&utm_medium=rss&utm_campaign=why-we-settbuhari-reveals-why-his-government-settled-for-redesign-of-n200-n500-n1000-note

Hindenburg also pointed to Cash App’s lack of oversight over “unbanked” customers, many of whom allegedly use the service for criminal or illicit activity.

Source: https://qz.com/hindenburg-block-jack-dorsey-money-laundering-fraud-1850256790

It is well-positioned to benefit from the young and unbanked Brazilian population.

Source: https://seekingalpha.com/article/4631182-nu-holdings-great-business-and-strong-tailwinds-but-overvalued?source=feed_all_articles

“The CNPP hereby urges the CBN to devise means of mopping up old notes from the rural communities in event that some rural farmers in the unbanked villages were unable to swap their old naira notes by February 10 deadline.

Source: https://247ureports.com/2023/02/naira-swap-deadline-cnpp-stands-with-cbn-wants-apex-bank-to-retrieve-old-notes-from-rural-dwellers/

There are clear benefits to CBDCs, such as increasing financial inclusion by providing an easier way for the UK’s 1.2 million unbanked residents to register for banking services.

Source: https://theconversation.com/how-a-digital-pound-could-work-alongside-cryptocurrencies-199462

They are to provide mobile money services including mobile payment services to both the banked and unbanked and to drive financial inclusion.

Source: https://pmnewsnigeria.com/2023/03/24/cbn-denies-suspending-fintech-companies-accounts/

‘We can’t reduce the unbanked in North without raising financial literacy level’

Source: https://guardian.ng/news/world/ukraine-says-shot-down-15-russian-drones/