Three Quarters of The World’s Poor Are “Unbanked”

[Netnox]

Even in my place, a lot of the poor people doesn't have bank accounts. They want to open bank accounts, but the bank officials are not too keen. They demand multiple ID documentation and residential proof, and these poor people give up after spending so much time in the banks. Bitcoin can take advantage of this situation, as anyone can open an account in the exchange.

Seriously? So what is the real problem for them? Why they can't just provide an ID and open a bank account? Just opening an account is absolutely free in most banks and it doesn't take mutch time. In that case they just don't realy need a bank account.

It is not that simple. In most cases, the poor may be having just 2 or 3 ID documents and hardly any address proof. And further complicating the things, in many instances there will be spelling mistakes and mismatches in many of these documents. And some of the banks reject certain type of ID proof such as driving license and voter ID.

[trecore4]

You talking about financial inequality of the world but in my country there is problem of education itself. More than 30% of people don't even get the formal education and they are left out of the school when they don't pay fees for it. No free education as government is not stable enough to provide that too.

This has led to illiteracy a lot which in turn make these people to work as servants, low grade jobs, no respect and almost only that much payout which can feed their families only one time. This is shame and it's all because of internal factors of countries. Like politics, government, education problem etc.

The banks doesn't even count in the thoughts of these people.

[Qartersa]

Unbanked, because they probably do not believe the financial system! Remember back in 2008 when the market crashed and there was a global recession, it was cause by the big banks in the US. But did any banker go to jail? No! There was none. So how can you trust that system that screwed us over already?

[jostorres]

You talking about financial inequality of the world but in my country there is problem of education itself. More than 30% of people don't even get the formal education and they are left out of the school when they don't pay fees for it. No free education as government is not stable enough to provide that too.

This has led to illiteracy a lot which in turn make these people to work as servants, low grade jobs, no respect and almost only that much payout which can feed their families only one time. This is shame and it's all because of internal factors of countries. Like politics, government, education problem etc.

The banks doesn't even count in the thoughts of these people.

Many countries are facing the problem of education, especially the third world countries. If I were to blame anyone for this, definitely it would be government but not the only the government of your country. The world of politics is full of unbelievable facts. Talking about banks under such conditions is actually ridiculous. But I am happy to see you here and hope soon more people of your country will be seen here.

[Kevondo]

And why should they have bank accounts if they earn only $ 2 a day?
If their earnings were higher, then they would have decided to make a bank account for themselves.

And why should you post this article here? How does this relate to bitcoin?

I think it is not necessary that they will have less income maybe they are earning more and they are suffering from some problem and in the future they will get good income so don’t look down to those poor people. If they are not having a proper source of income with them and they want to earn more than they should get into the bitcoin so that they will not need any bank account and they will easily keep their bitcoin in the bitcoin wallet and they will become rich some day.