Will cryptocurrencies bring about social change? - DW Español - World Latest Movie, Series, Videos and Trailers | fetery.com

Will cryptocurrencies bring about social change?

1,533,158 views

DW Español

Published on Premiered Jul 2, 2021

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Bitcoin needs no government, no central authority. It has no borders. So could it benefit the poorest? We travel to the Philippines, where Bitcoin could be an option for people who are excluded from existing systems. More than 50 million Filipinos do not have bank accounts. This makes millions of Filipinos unable to take out loans or make simple financial transactions. Now FinTech startups are raising the levels of financial inclusion thanks to their services. Their founders believe that the country is ready for change and that cryptocurrencies will drive it. Lina Seiche, founder of Blockchats, is fighting for that change through Bitcoin and decentralized networks. SCI founder Miguel Cuneta contributes to that change by offering services such as bill payment, e-commerce, cashless transactions and of course, cryptocurrency wallets. Thanks to his business, people from the unbanked market can participate in the world of digital commerce. Its founder, David Kath, is also helping them cut out the middlemen in the plastics industry with technology that enables recyclers to triple their income. Converted into digital tokens in an electronic wallet, plastic has become their money. #DWLinks #Bitcoin #cryptocurrencies #Philippines #foundersvalley 00:08 Cybercrime in the Philippines 03:47 Cryptocurrencies to open access to financial services 10:08 Rebit and the use of digital financial services 15:38 How blockchain works 21:22 Banking services on your smartphone Links: Deutsche Welle's technology and digital culture magazine Presenter: Juan Sebastián Gomez [IG/TW @jsebastiangomez] Production: Juan Pancorbo, Juan Sebastián Gómez. Share this video: • Will cryptocurrencies bring about change... Subscribe to our mailing list and get updates: • Technology and the digital world

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