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Title: Over 1 Million Americans Denied Bank Accounts Post by: BKM on August 01, 2013, 06:41:15 PM In the NYT yesterday:
http://dealbook.nytimes.com/2013/07/30/over-a-million-are-denied-bank-accounts-for-past-errors/?src=me&ref=general (http://dealbook.nytimes.com/2013/07/30/over-a-million-are-denied-bank-accounts-for-past-errors/?src=me&ref=general) The article references a 2012 study by the FDIC which puts the number of 'Unbanked' Americans at 17 Million individuals living in 10 Million households. http://www.fdic.gov/householdsurvey/2012_unbankedreport.pdf (http://www.fdic.gov/householdsurvey/2012_unbankedreport.pdf) Are there any bitcointrepreneurs out there who are addressing this market? Title: Re: Over 1 Million Americans Denied Bank Accounts Post by: EmperorBob on August 01, 2013, 08:20:17 PM That's an interesting market.
You wouldn't be able to offer them regular banking services though, for the same risk related reasons that banks aren't able to. That includes check cashing, which is probably the biggest issue at play here (that's how most people still receive their salary). Unless employers are willing to switch out of paying salaries that way, there's little that can be done (check cashing services are expensive for a reason). |