There are 80 million consumers in the US that are unbanked or underbanked, according to data from a 2015 FDIC report. These consumers make an estimated $500 billion in payments annually.
Without access to traditional banking products, unbanked consumers rely on cash transactions and money transfer services for their financial needs, creating myriad challenges to meeting basic needs in an increasingly digital world.
The proliferation of mobile technology, a surge in financial technology (fintech) innovation, and a rapidly growing Miami-based firm called Cuentas (OTCQB: CUEN) are about to change all of that.
See full article: www.cueninfo.com
Disclosure
Cuentas (OTCQB: CUEN) agreed to pay RedChip Companies, Inc. 10,000 shares of Rule 144 stock and a monthly cash fee for three (3) months of investor relation awareness services.
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