Stellar and PwC Develop Framework to Measure Blockchain's Impact on Financial Inclusion
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Stellar and PwC created a framework to evaluate if blockchain projects truly enhance financial inclusion in emerging markets. It measures access, quality, trust, and usage.
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They found blockchain payments cut costs to 1% or less vs 2.7-3.5% for traditional apps when sending money between the U.S. and certain countries.
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Blockchain savings products like stablecoins in Argentina help users avoid inflation and preserve wealth.
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They outline a 4-phase process for projects to follow to solve financial inclusion issues.
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They found payments and savings are two blockchain solutions that have proven effective for financial inclusion so far based on their framework.