world bank

Central bank digital currency explained

Cross-border payments play an important role in the global economy. According to the World Bank, in 2017, global remittances grew 7 percent to USD 617 billion. Based on the same report, sending just 200 dollars was 7.1 percent of the price, double the sustainable development goal target of 3 percent. Even in developed nations, it’s […]

Continue reading

Blockchain can help increase access to credit for SMEs

Access to credit fuels economies everywhere. And small and medium enterprises (SMEs) are often the primary generators of new jobs and economic growth, particularly in the developing world. Unfortunately, the global demand for SME credit stands at $2.38 trillion with three quarters of the SMEs being financially constrained. Countries with the appropriate legal and institutional […]

Continue reading

Starting your business at the speed of blockchain

According to the World Bank’s latest Doing Business 2018: Reforming to Create Jobs report, the largest number of reforms made in the past 15 years aimed at facilitating the requirements for starting a business, with 626 reforms recorded in the past 15 years. As it stands, the time needed to start a new small or […]

Continue reading