Banking the Unbanked in a Broken Financial System

Digging deeper into crypto’s silent revolution.

Subscribe to Bankless or sign in

For years, crypto’s mainstream narrative has revolved around speculation, price cycles, and regulatory headaches. But in the shadows of hype and FUD, something real is happening: crypto is quietly solving one of the biggest financial problems in the world – access.

Over 1.4 billion people globally don’t have a bank account. Not because they don’t want one, but because they live in places where financial infrastructure is a privilege, not a given. They deal with corrupt institutions, insane remittance fees, unstable currencies, and outright financial censorship. In many emerging markets, the traditional banking system doesn’t just fail people, it actively works against them.

This is where crypto thrives. Not in ETF narratives or Fed meetings, but on the ground, where people actually need a permissionless, borderless, and censorship-resistant alternative. Where people need to go bankless.

Subscribe for free to continue reading

  • Support the Bankless Movement
  • Access to thousands of articles
  • Complete archive of Bankless episodes
  • Embark on free quests in Airdrop Hunter
  • Daily alpha in your inbox

Already subscribed? Sign in


7
0
Nick Shaheen

Written by Nick Shaheen

12 Articles View all      

Nick is the Director of BD and the co-host of Apps no Entrees at Bankless. Prior to joining in 2023, he was the 1st employee at an NFT social startup called Sintra. Prior to that, he handled American Express' sports partnerships, worked on Microsoft's gaming events, founded a content production studio, and got his MBA at the University of Massachusetts, Amherst.

No Responses
Search Bankless