RATE Group | OKEx Executive at Davos 2020
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OKEx Executive at Davos 2020

22 Jan OKEx Executive at Davos 2020

Posted at 08:12h in Cryptocurrency News by

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  • More than 2 billion people around the world have no access to financial services.
  • Blockchain and cryptocurrency “appear to be the solution” towards achieving global financial inclusivity.

The Financial Markets Director at OKEx, Lennix Lai while attending the Davos event held at Russia House on 22 January 2020, said that the solution to inclusivity in the financial system is blockchain and cryptocurrencies. More than 2 billion people in the world are still excluded from financial services. Underdeveloped regions suffer the most because financial service providers find it expensive to set up operations. According to Lennix:

Unbankedness has been a global challenge. The underprivileged who are not able to afford or return with enough economic benefits to the bank are left behind from a decent living standard.” He continued, “blockchain and cryptocurrencies appear to be a solution to the problem by providing a digital, decentralized financial system that…

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