Digital Finance Institute to launch Refugee Bank using the blockchain

Announcements | December 7, 2015 By:

Digital Finance Institute announced that they will be launching pilot project called Refugee Bank.

Refugee Bank will be using blockchain-technology to address identification problems, improve the delivery of relief efforts and provide financial inclusion.

The Refugee Bank was born after much deliberation and research. Realizing that many more ordinary options were hindered by sanctions, identification requirements and countless legal, social and political factors, DFI went for the radical.

The company’s goal is to help refugees help themselves by offering financial inclusion. They put emphasis on how servicing refugees will actually service future countries and economies. Not surprisingly, refugees that are, in fact, given access to money and the chance to work often helps not only those in trouble, but the economy. The digital bank is still in the making, but has been garnering traction.

The Digital Finance Institute is a think tank devoted exclusively to the nexus between FinTech, financial innovation, financial regulation and financial inclusion.