BitMinutes and World Capacity Builders announce a partnership to apply their technologies jointly to solve a worldwide rural financial problem.
BitMinutes built a blockchain and token-based delivery system that can connect anyone in the world to key financial services through their mobile phone. This connects an estimated 2 billion underbanked consumers globally to financial tools they need to in order to expand their economic ventures and raise their standards of living. This market-tested system leverages its prepaid-minute token (BMT) to provide low-cost financial services. BMTs will serve as the universal cryptocurrency for enabling global telecommunications providers, retail merchants and a network of trusted agents to offer free money transfer and guaranteed loans to four billion cellphone users globally.
World Capacity Builders Inc. (WCB), based in Vancouver, Canada has also developed technology and infrastructure to build economic capacity to these 2 billion people, enabling them to have government-issued Identification and phone numbers (Identifiers) and giving them easy-to-register Prime OneCard financial accounts. WCB is supported in its mission by the Prime Domain International LLC (www.primedomain.com).
“We are happy to benefit from a brilliant concept that does not only allow financial inclusion of the unbanked but provides communications facility as well for the unconnected,” says Hazel Bernadette Madrigal Cruz, CEO Barangay Assistance Network, who is working with World Capacity Builders on improving rural connectivity and identity solutions.
Read the full press release here:
BitMinutes is a start-up fintech company, founded in the U.S., with its European subsidiary established in Vaduz, Liechtenstein. BitMinutes is a cryptocurrency backed by prepaid airtime minutes, a real asset already traded informally globally by billions of mobile phone users. The BitMinutes tagline “Better Crypto for a Better World” reflects the fact that BitMinutes tokens allow peer-to-peer cash transactions to over 2 billion bank accounts in 70 countries and prepaid top-up to over 4 billion mobile accounts in over 200 countries.
More importantly, BitMinutes facilitate the expansion of micro-credit and nano-credit lending in communities where lending is rare and too expensive for most individual borrowers. BitMinutes ownership and transactional records will establish a new type of consumer credit score for emerging market consumers who currently struggle with limited access to capital and a lack of traditional banking services.
More details are provided at www.BitMinutes.com
About World Capacity Builders
World Capacity Builders Inc. is a private British Columbian company dedicated to improving access to communication solutions, financial services, and technologies for the world’s poor and underserved communities. To achieve this goal, the company partners with other companies who share their values while working on new tools and technologies.