M-Pesa is not blockchain-based and Safaricom is owned by Vodafone. A few days ago, the U.S. Homeland Security listed blockchain for food procurement under its list of essential services. Image Copyright: askoldsb / BigStock Phot M-Pesa's revenue dropped 2.1% in 2020, a first for the brand, and it seems to be exploring more ways to expand its market share. Nigeria's first dedicated blockchain hu
Schon seit 2007 kann M-Pesa in Kenia genutzt werden. Seitdem revolutionierte der Zahlungsdienstleister die Art und Weise wie die Menschen in Kenia bezahlen, Geld sparen oder an Verwandte senden können. Bereits zehn Jahre später, im Jahr 2017 wurden innerhalb eines Jahres mehr als 1,7 Milliarden Transaktionen über M-Pesa verarbeitet. Das entspricht einem Volumen von umgerechnet ca. 29 Milliarden Euro, was etwas die Hälfte des kenianischen Bruttoinlandsprodukts ausmacht M-Pesa is a widely used mobile phone-based money system used in Afghanistan, India and Africa. We want to be a part of the mobile money revolution, and we're stepping it up a notch by enabling anyone to send money to any mobile money account in Kenya, Nigeria, Tanzania and Uganda using bitcoins, said Jörg von Minckwitz, CEO of Bitwal
M-Pesa's Effect On Bitcoin Adoption. It would be wrong to say M-Pesa, as a factor, is why Bitcoin is yet to be accepted in Kenya. There are many countries in Africa (and in the World) where M-Pesa is non-existent; however, Bitcoin is yet to be adopted. However, M-Pesa does have an indirect effect on Bitcoin use in Kenya For example, in Kenya, M-Pesa has been revolutionizing cellphone banking since the 1990s. This product has made it easier to send money and reach the unbanked. Meanwhile, South Africa has grown to become the fintech hub of the region. Its cities like Cape Town are fertile ground for new start-ups to build from. Sponsored. Sponsored. When it comes to cryptocurrencies, the uptake hasn't been. Bitcoin als grenzenloses Bindeglied. Das klingt vielleicht banal, ist es aber ganz und gar nicht, wenn man bedenkt was für eine reichweitenstarke Institution das M-Pesa-System mittlerweile im Peer-to-Peer-Bezahlen ist oder dass Anbieter wie Facebook zwar schon lange vollmundig Peer-to-Peer-Bezahlen per Messenger ankündigen, da aber bislang noch nichts Nennenswertes bei rumgekommen ist Für mehr Informationen zu M-Pesa empfehle ich diesen Hyperland-Artikel: Mobilservice M-Pesa macht Banken Konkurrenz. Dieser Artikel der The Sydney Morning Herald geht noch mehr auf den direkten Vergleich zwischen M-Pesa und Bitcoin ein: The next currency killer: African e-money M-Pesa. Bildnachweis: m-pesa von Flickr-User Bumi (CC BY-SA 2.0
Buy and sell crypto with credit card, M-pesa or bank account. Direct deposits and bank withdrawals. It's safe and secure.. Cryptosfx -Sell | Buy Bitcoin & Cryptocurrencies With M-Pesa, Naira and Supported Currencies Blockchain and Economic Development: Hype vs. Reality Increasing attention is being paid to the potential of blockchain technology to address long-standing challenges related to economic development. Blockchain proponents argue that it will expand opportunities for exchange and collaboration by reducing reliance on intermediaries and the frictions associated with them. The purpose of this. Purchase Handbook of Blockchain, Digital Finance, and Inclusion - 1st Edition. Print Book & E-Book. ISBN 9780128122839, 978012812300
M-Pesa is a mobile phone-based money transfer, financing, and microfinancing service. It was launched in 2007 by Vodafone for Safaricom (Kenya) and Vodacom (Tanzania), the largest mobile network operators in their respective countries. As of today, M-Pesa has expanded to many countries including Afghanistan, South Africa, and India Evaluate the Economic Applications and Transformative Potential of Blockchain Technology! Earn Your Certificate of Completion from the MIT Sloan School of Management Sales of M-Pesa down 2.1% in 2020, a first for the brand, and it appears to be looking for more ways to expand its market share. Nigeria's first dedicated blockchain hub. Source: Supplied. On Saturday, May 8th, 2021, the first dedicated Nigerian blockchain hub, the Convexity Blockchain Hub (CBHUB), was inaugurated in Abuja, the Nigerian capital Most Cited M-Pesa, M-Shwari, and M-Kesho Publications. M-Pesa is a mobile money created by SafariCom, the largest telecom company in Kenya and Tanzania. It is an example of electronic money leapfrogging technology. In this case, people skipped using banks and payment networks and moved directly to mobile wallets
Mobile Finanzdienstleistungen mit Blockchain nehmen weltweit rasant zu. Kenia zum Beispiel hat 2007 die M-Pesa eingeführt und damit die mobile Bezahlinfrastruktur für Kenianer verändert. Ein. M-Pesa's success is derivative of the explosive growth in access to cell phones in the developing world. In the first quarter of 2015, there were over 900 million mobile subscribers in Africa. Safaricom planning to turn M-Pesa into a full-service digital bank. Kenyan mobile network operator Safaricom PLC (SCOM) looks to expand its payments services over the next five years. According to the company's CEO Peter Ndegwa, the company is currently in talks with fund managers, investment banks, and insurance companies to partner in. An Architecture for Blockchain-based Cloud Banking Thuat Do Hong Kong University of Science and Technology, Dept. Math. Clear Water Bay, NT, HK, thuat86@gmail.com Abstract. Blockchain has been practiced in crypto-currencies and cross- border banking settlement. However, no clear evidence that a distributed ledger network (or Blockchain) is built within domestic payment systems, although many.
Recently M-Pesa has been getting all the major hype. It has expanded its popularity across the globe and its all for good reasons. Talking about solving a real-life situation, over a long period of time people around the globe have been trying to figure out ways to easily and efficiently send money to persons very far away in a matter of seconds Blockchain has the potential to provide everyone with a faster and safer way to verify information and foster trust 12. Let us explore how blockchain technology can drive financial inclusion. 1.Blockchain addresses the high fees issue Processing payments via national payment systems is often expensive and time-consuming. If fully adopted. M-Pesa ist ein kenianisches System für bargeldloses Bezahlen. Dieses Geschäftsmodell des kenianischen Kommunikationsanbieters Safaricom ist auf der Weitergabe von Daten aufgebaut. Nun haben Angestellte des Providers zudem die persönlichen Informationen von 11,5 Millionen Nutzern geleakt. Der Fall landet vor Gericht M-Pesa handled 6 billion transactions in 2016, aiding its customers with everything from paying for everyday purchases, to sending remittance payments, to operating small businesses. Now over 11. M-PESA Ethereum IOTA** Industrie / Energieversorger Blockchain-Entwickler / Startup Projekt / Initiative Weitere Unternehmen / Organisationen *Interessantes Peer-to-Peer-Model, derzeit ohne Einsatz von Blockchain ** Basiert nicht auf einer Blockchain, aber auf einem Distributed Ledger, der nach eigenen Angaben die Leistungsschwächen der Blockchain überwindet Energy-Blockchain Lab Marubeni M.
Safaricom, ein Mobilfunknetzbetreiber, ist für M-Pesa sehr bedeutend. Also: Wer diese Schienen besitzt, wird sehr wichtig. Der soziale Nutzen von Blockchains. netzpolitik.org: Einer der Initiatoren des Blockchain-Projekts des World Food Program fantasierte öffentlich über das Potential von Smart Contracts in der humanitären Hilfe. Er sagte, dass die Bewilligung von Nahrungsmitteln. Amazon To Integrate M-Pesa Payments. Kenyan telecom Safaricom is discussing the use of its mobile money service M-Pesa on Amazon 's eCommerce platform, Bloomberg reported. The move comes out of Safaricom's global expansion efforts to recover from its first profit decline in 10 years, according to the report. Sales from the service declined. Die Blockchain-Technologie, oder auch Distributed Ledger Technologie (DLT), erfährt in letzter Zeit erhöhte Aufmerksamkeit. Bekannt wurde die Blockchain unter anderem durch die Euphorie um die Kryptowährung Bitcoin, deren bisheriger Höhepunkt Anfang 2018 erreicht wurde. Die Bitcoin zugrunde liegende Blockchain-Technologie ist so sicher, dass es seit zehn Jahren niemandem gelungen ist. The blockchain project - Cardano (ADA) - is poised to take over emerging markets in Africa, South America, Central Asia, and other developing nations as it offers solutions to sustainability, scalability, and interoperability in these areas. Nevertheless, the major focus of the blockchain project seems to be Africa, as it offers a wider market with easier hurdles to entry. Cardano (ADA. M-Pesa was 10-plus years ahead of trends in mobile payments that many countries and companies are just catching up to now with Apple Pay, WeChat and more. Specifically, in blockchain, we've seen Binance gain market share by using their native BNB token to incentivize new customers to trade on its platform, which helped it unseat incumbents as the largest crypto exchange in the world after a.
M-Pesa users can convert between e-cash and real cash using local agents, who are retailers or local businesspeople authorized to provide and receive cash (they receive a small fee for their services). Think of them like human banks in places where there are no banks. This was a service that Kenya desperately needed: just five years after its launch, 83% of Kenyan adults were using M. ärmere afrikanische Länder wie Kenia brauchen keine Blockchain-Stablecoins, weil sie ein we-sentlich effizienteres Geldtransfersystem (M-PESA) etabliert und über Ländergrenzen hinaus aus-gedehnt haben.7 M-PESA ist sogar ein taugliches Vorbild für den digitalen Euro M-Pesa. A fast and secure mobile phone-based money transfer, M-Pesa is used by over 19 million Kenyans (90 per cent of the adults) — from the young entrepreneur to the taxi driver. It allows users to deposit, withdraw, and transfer money to an account stored in a mobile phone for a small fee The delivery of social welfare is quite compelling. I also think identity management through developing blockchain-enabled birth and death certification is compelling, as is property title management. As far as payments are concerned, one of the challenges with an entity like M-PESA, which has been incredibly successful, is that it is.
Tag: m-Pesa Blockchain isn't the solution to old problems. I like the story of CLS (Continuous Linked Settlement), one of the most boring and important institutions in global finance. CLS is the world leader in FX settlement. It was launched in 2002, and just like with many other important things in the world, very few people have heard about it. That's what I like about it. Also, the. How does blockchain technology fit within other trends—particularly with regard to technology—facing the financial sector in 2018? 11: Blockchain Economics : How do decentralized blockchain applications affect the cost of verification and the cost of networking? How do blockchain applications affect market power? What might the economics and organization of the Internet—with its protoco Blockchain. Cryptocurrency; Bitcoin; Big Data; Interviews; Press Release; More. Business; Finance; All posts tagged M-PESA 19.6K. Fintech News What is a Mobile Wallet, Origin and History in Financial technology? A mobile wallet is a way of carrying digital card information in a digital form on a mobile device. To make purchases,... Latest Posts. 43.1K. Latest News Matthew Signer Explains the. Kenya's largest telecommunications company Safaricom PLC is in talks with American multinational technology giant Amazon to integrate M-PESA, in a move meant to ultimately make it easier for Kenyan consumers to shop on Amazon.com.. Through the arrangement, Amazon will accept M-PESA online payments while making the M-PESA one of the checkout options for those customers from Kenya who use. This new service will be funded through a blockchain token crowdsale in Q2. Thomas Greco, special advisor to Omise (and an advisor to Ethereum) describes the goal as decentralised inter-Asia M-Pesa
Einer Blockchain liegt die Idee zugrunde, dass die Aktualisierung und Validierung nicht über eine zentrale Instanz erfolgen muss. Stattdessen funktioniert die Blockchain über ein Netzwerk von verschiedenen Knoten, die Nodes genannt werden.Jeder Teilnehmer im Netzwerk hat Zugriff auf die gesamte Blockchain und kann so Transaktionen bestätigen Monthly cryptocurrency transfers to and from Africa under $10,000 (€8,500) shot up by 55% over the past year, reaching a peak of $316 million in June. These numbers, which are based on data from. But with the return of transaction charges, Safaricom announced major changes to M-PESA tariffs. The new charges were guided by the Central Bank of Kenya, the company said in a December 2020 notice. we have taken the decision to reduce our MPESA tariffs by up to 45% for lower value transaction bands, Safaricom said During the EDCON in Paris held February 17-18, a company called Omise announced it was gathering the resources to develop a network allowing interoperability between mobile money systems like M-Pesa, the mobile money success story out of Kenya, using blockchain technology.Omise is one of the leading payment gateways for Southeast Asia The launch of BitHub Africa, an initiative that aims to boost the development of blockchain solutions in Africa, comes shortly after Safaricom, a leading mobile network operator in Kenya and the creator of M-Pesa, terminated its mobile money connection to Kipochi citing bitcoin's non-recognition by the Central Bank of Kenya. Kipochi, a.
m-PESA, Launched In 2007 By Vodafone & Safaricom, Is Largest Mobile Network Operator In Kenya; Deal Makes SHRUCOIN The First U.S. Company To Enter Kenya, Uganda, Tanzania, Rwanda, Nigeria, Ghana, Zambia And South Africa Markets - The Fastest Growing Blockchain Purchasers Market In The World. ANN ARBOR, MI / ACCESSWIRE / April 29, 2021 / Minerco, Inc Kenia: Mehrheit der Bevölkerung nutzt Digitalwährung M-Pesa. Klemens Kilic-Juli 10, 2018. 0. NACHRICHTEN. Koffer packen! Südkorea lockert Krypto-Regulierungen. Niklas Wagner-Juli 9, 2018. 0. NACHRICHTEN . Bitconnect-Verfahren: YouTube nun auch auf der Anklagebank. Niklas Wagner-Juli 6, 2018. 1. NACHRICHTEN. Japaner nutzt freie Elektrizität seiner Firma und schürft monatlich 400.
Vordergründig geht es um das umstrittene Berliner Blockchain-Startup Neufund - tatsächlich bietet die Folge aber auch allgemeine Einblicke alle, was mit Crowd und Geldanlage zu tun hat. Paymentandbanking (Podcast) Mehr als M-Pesa: Warum Payment-Konzerne wie Mastercard, Visa, Stripe in afrikanische Finanz-Startups investieren. Quartz. NEWSLETTER . Deutschlands führender Banken-Newsletter. CAN A FINTECH COMBINATION OF BLOCKCHAIN, M-PESA AND SMART CONTRACTS IMPROVE DEVELOPMENT PROJECT EXECUTION IN SUB SAHARAN AFRICA? A Literature Review. Dr Sammy Marwa. Download PDF. Download Full PDF Package. This paper. A short summary of this paper. 27 Full PDFs related to this paper. READ PAPER . CAN A FINTECH COMBINATION OF BLOCKCHAIN, M-PESA AND SMART CONTRACTS IMPROVE DEVELOPMENT PROJECT. M-Pesa's massive success shows that a monetary system can succeed without a bank. While M-Pesa is not completely detached from banking, it does show that users were able to effectively operate between each other without a bank. If blockchain did enter successfully into use by international firms in the African market, M-Pesa could be overcome as a competitor, as it has a transaction cap of a. M-Pesa is an electronic money transfer product that enables users to store value in the SIM cards of their mobile phone - a mobile account, in the form of electronic currency that can be used for multiple purposes including transfers to other users, payments for goods and services, and conversion to and from cash. M-Pesa has become a technological platform that has enabled financial. M-Pesa, a partnership between Vodafone and Safaricom, would ultimately bring banking services to millions of people in Kenya and nine other developing markets, including Egypt, India and Romania, fundamentally altering their economies. It would become a signature example of leapfrogging: using next-gen technology to advance an emerging market
But, unlike M-Pesa, blockchain was not designed with low-income customers in mind and does not address the barriers they face. Blockchain currently has little to offer the world's unbanked or. Reports of Safaricom engaging American retail giant Amazon on the integration of M-Pesa payments on its e-commerce platform have now been confirmed by the telecommunication giant's CEO during a podcast with the Kenyan Wall Street.Peter Ndegwa also confirmed that Kenya's largest telco will seek partnerships with companies such as Facebook and Google, as it pursues an approach of increasing.
April 29, 2021 (ACCESSWIRE via COMTEX) -- m-PESA, Launched In 2007 By Vodafone & Safaricom, Is Largest Mobile Network Operator In Kenya; Deal Makes.. To make a Pochi la Biashara transaction, a customer will dial *334# from their M-Pesa service line, select Lipa na M-Pesa, then lastly select Pochi la Biashara and make the transaction. During this roll-out, the Safaricom company noted, Business owners will be able to separate their business funds and personal funds allowing them to use business transactions to make better business. Blockchain technology is clearly transforming businesses. The most common example that comes to mind is bitcoin and financial services, so it was interesting to learn from how Everledger is applying the same technology in the context of diamonds. As you mentioned, as Everledger continues to grow it makes total sense to expand into fine arts and other luxury goods
M-Pesa Africa New Managing Director Appointed. TechInAfrica - The former director of m-commerce in Vodacom Tanzania Sitoyo Lopokoiyit has been appointed as the Managing Director at Safaricom's M-Pesa Africa. Sitoyo has worked at Safaricom in 2011 as the head of M-Pesa strategy and business development before moving on to Vodacom in 2016 How Blockchain Can Bring Financial Services to the Poor. A project from the Bill & Melinda Gates Foundation aims to use distributed ledger technology to help the two billion people worldwide who. Vodafone using supplier management blockchain from IBM. March 9, 2020. by Ledger Insights. Last week, Vodafone said it is using the Trust Your Supplier blockchain platform to promote and verify its suppliers. The initiative is part of a diversity and inclusion project by the company to increase the participation of women in the technology sector
Blockchain is more than just a buzz word. In fact, blockchain is being considered one of the biggest market disruptors the world has ever seen. If you think the Internet was something big, blockchain could be even bigger. The 1st Industrial Revolution was steam, the 2nd was electricity, and the third was computing. Now it is blockchain that could be considered the 4th. While almost everybody. m-PESA, Launched In 2007 By Vodafone & Safaricom, Is Largest Mobile Network Operator In Kenya; Deal Makes SHRUCOIN The First U.S. Company To Enter Kenya, Uganda, Tanzania, Rwanda, Nigeria, Ghana. Vodafone plans to expand M-Pesa beyond the 6 African countries that it currently services. This is what the head of communications at the Libra Association shared: Although the makeup of the Association members may change over time, the design of Libra's governance and technology ensures the Libra payment system will remain resilient
Die Blockchain- und nicht Krypto-Erzählung war immer noch sichtbar - aber selbst in Bezug auf den Einsatz der Blockchain-Technologie gab es ein breites Spektrum an Meinungen. Das jährliche Weltwirtschaftsforum (WEF) in Davos, Schweiz, endete letzten Freitag. Wie schon in den vergangenen Jahren stand Blockchain wieder auf der Tagesordnung des jährlichen Treffens der Weltelite aus. The Sun Exchange M-PESA Projekt / Initiative Industrie / Energieversorger Blockchain-Entwickler / Startup Weitere Unternehmen / Organisationen Unternehmen aus CH Melonport Quelle: BDEW Blockchain Radar, 2017 WePower Robotina Swisspower. Vielversprechende Anwendungsbereiche in der Energiewirtschaft (1/3) Blockchain Einsatz @ Energy Ladeinfra-struktur für Elektro-mobilität Transaktion zwischen. About. BitHub.Africa is focused on driving distributed energy access across Africa. Through the Melanin Academy program, BitHub Africa is training Blockchain engineers to develop and deploy Melanin Solar a distributed Solar energy solution. BitHub Africa aims to train 2,000 Blockchain engineers to support the roll-out of Melanin Solar & other. M-PESA ATM Withdrawal Charges. Min (Kshs.) Max (Kshs.) M-PESA charges: 200: 2,500: 34: 2.501: 5,000: 67: 5,001: 10,000: 112: 10,001: 20,000: 197 . MPESA helps make life easier. However, it is still important to keep track of your Safaricom MPESA charges. Buy & Sell Crypto. Bet & Win Crypto. Bitcoin Price. Join Our Community. Popular; Press Releases 3 years ago. Humaniq Doubles Number of.
M-PESA accounted for 33.0% of the total Safaricom's service revenue down from 33.6% last year, impacted by the waiver of the Peer-to-Peer (P2P) transactions fees . This is not the first time Safaricom will be entering into a partnership with Amazon. In February last year, it announced a partnership with Amazon Web Services, which saw the telco become a reseller of AWS services in Kenya and. M-Pesa, launched in 2007, currently boasts more than 30 million users across 10 countries. The service also reportedly processed 6 billion transactions in 2016 alone. The app has no exposure to. Die Libra-Kryptowährung ist tot, es lebe die Libra Payment Platform! Ich habe den Eindruck, die nun vorliegenden Pläne sind ein sehr guter Ansatz, um zukunftsweisende Blockchain-Technologie erstmals mit den weltweit akzeptierten regulatorischen Rahmenbedingungen des etablierten Finanzsystems miteinander in Einklang zu bringen
British telecoms giant Vodafone has left Facebook's Libra Association to focus on expanding its own payments system called M-Pesa, which is currently used in six African nations.. Confirmed by both Vodafone and Libra in a statement on January 21, a Vodafone spokesperson said that the company remains committed to making a genuine contribution to the promotion of worldwide financial. Currently, we are working with mobile wallet providers like M-PESA to bring solar energy to the unbanked part of the world. But in the future, our business could build on Blockchain-based payment solutions, radically lowering transaction costs and taking out the centralised middleman as a provider of trust, says David Dizon, co-founder & CEO of M-PAYG [11 Blockchain's versatility is primarily due to its immutable and almost indestructible nature. These attributes have caught the attention of researchers and developers interested in applications and environments where the need for the integrity of identity and content are as paramount as the safe delivery and record of transactions. Self-sovereign digital identity in particular is often cited. The blockchain technology, no doubt, is being adopted in different parts of the continent. Cryptocurrencies, on the other hand, are not only popular in Africa, but have also gone a long way to spur entrepreneurship across the continent. Nevertheless, it is only one instance of blockchain adoption. First, lest one mixes the two, there are many differences between crypto and blockchain. But. Blockchain beyond the hype: What is the strategic business value?' • Potential Use Cases • Assessing Costs and Benefits • Conclusions . 2. Class 12 (10/18): Study Questions • What potential benefits - in terms of reducing costs of trust - are there when adopting blockchain technology applications? How might potential use cases be assessed for the trade-offs of decentralized vs.
The blockchain technology that underpins crypto allows a significant time reduction in financial transactions, Acting as banking agents, these retailers facilitate convenient deposit and withdrawal services. A survey found that M-Pesa has positively impacted 83% of respondents: conveying the potentiality of mobile phone technology to accelerate the evolution of financial inclusion. As an. Kryptowährungen und die Blockchain-Technologie sind für junge, gebildete Menschen leichter zu verstehen, sagt Akyaw. Gerade älteren Leuten falle es hingegen schwerer, die Technologie in ihrer. As examples, the rapid growth of mobile payment systems such as M-Pesa and BitPesa in Kenya, 4 and the recent explorations by the governments of Honduras and the Republic of Georgia of moving their land registries onto blockchains, provide illustrations of the willingness of emerging economies to bypass older technologies and become early adopters of innovations that integrate economic data. blockchain and partnering with Citi Bank to explore the benefits in terms of traceability, times and fees related to the thousands of cross-border payments that the IDB makes every year seemed very attractive to us. In the process we have learned a lot, contributed to build internal knowledge, raised awareness, and positioned our specialists at the forefront of the understanding of the state.
Blockchain is widely anticipated to be the latest in a line of fintech innovations to shape the future of our economies and business ecosystems Die Blockchain Africa-Konferenz hat Afrika optimistisch gemacht, eine treibende Kraft für die Entwicklung und den Einsatz neuer Blockchain-Technologien zu werden. In den letzten Jahren hat Blockchain die Kryptowährung als das Es -Wort im Fintech-Bereich abgelöst Dies wurde auf der Blockchain Africa-Konferenz selbst widergespiegelt Cardano calls itself a third-generation blockchain and solves a lot of problems, ethereum or bitcoin are struggling with. Since the 2nd of March 2021, it's officially possible to create NFTs and other assets on the Cardano blockchain! That's why I will show you how to create your NFT on the Cardano blockchain! Enough theory, let's get going Program Agenda & Conference. A growing collection of digital innovations is currently underway with the goal of enhancing payments, both domestic and international, and creating an ecosystem of FinTech platforms to provide related financial services. But while the story starts with payments, understood properly it quickly comes to encompass a.
m-pesa. Markets Opinion; BitPesa: Regulators' Disconnect with Blockchain Firms Hurting Innovation in Kenya. December 24, 2016 . Archive; Capital & Crypto; Stellar Partners ICICI Bank, Enables Blockchain Money Transfers in India, Africa and Philippines. December 7, 2016 . Markets News & Opinions ; Kenya's Central Bank Warns Against Virtual Currency Amidst Access Conflict. December 15, 2015. According to Market and Markets, the global blockchain market size is expected to grow from $3 billion in 2020 to $39.7 billion by 2025, at a staggering CAGR of 67.3% in five years. Minerco, Inc. Blockchain opens the door for those who still do not have a bank account. Close to 40% of the world's population, some two billion people, do not have access to a bank account. The mobile phone is starting to alleviate the problem and blockchain could be another big driver. There are more than two billion people in the world who do not have. Blockchain is said to have the potential to disrupt the way the global financial system works and change the nature of investment (Fanning and Centers, 2016; Pollari, 2016). The first blockchain was conceptualised by a person (or group of people) known as Satoshi Nakamoto in 2008 (Satoshi 2008). In January 2009, this concept was implemented as.