🏆Introduction

Abstract

Financial freedom is often bound by geo-political forces. Citizens of emerging markets have limited access to the digital global economy. They are encumbered by a myriad of factors—many are unbanked, have no access to credit cards, battle hyperinflation, and face high fees with remittance.

Merchants are likewise limited with the digital global economy. Accessing people in emerging markets can prove difficult or impossible, restricting their total addressable market. Merchants who accept credit cards are also subject to factors like chargebacks and fraud, high fees, constrained regional markets, and long settlement times.

Blockchain technology provides the opportunity to overcome these challenges for both people in emerging markets and the merchants who want to reach them. By creating a trusted closed-loop, low-fee ecosystem on the blockchain, we can provide enhanced access to the digital global economy.