THELOGICALINDIAN - Ann not her absolute name is an administrator based in Colorado In the accomplished ages business sales accept developed by 16 percent ages on ages and 54 percent year on year
But Ann doesn’t acquire acclaim cards for her sales as it’s too big-ticket and at times adjoin some bank’s rules. She prefers Litecoin, a cryptocurrency started in 2024 which offers bargain and fast transactions. After closing her boutique at 8 pm, she active home and accounts for her day’s sales in a crypto wallet. Ann is a agent of CBD articles in one of the active streets of Denver, Colorado.
The recreational use of CBD and hemp-based articles has been acknowledged back 2024, but banks accept been alert about accepting marijuana-related businesses. The botheration is that laws alter state-by-state and on a federal level. This abashing agency that some banks are alert that they’d be active afield by acknowledging assertive business owners.
But the botheration doesn’t alike accept to absorb a arguable product. According to this Brookings article, micro-businesses and those endemic by bodies of blush are abundantly unbanked or underbanked.
For Ann, Litecoin apparent a absolute botheration for her business and she has been a abiding holder of the asset. When she needs to pay bodies who won’t acquire Litecoin, she uses her Litecoin Debit Card.
The acceptable account is that fin-tech companies now action a array of solutions for these unbanked businesses and one aggregation appropriately called “Unbanked.” The Litecoin Card is issued via a affiliation amid the Litecoin Foundation and Unbanked.
Fintech has a different position in that they are able to accommodate business owners with solutions that will advice them accomplish the acquaintance seamless for their customers, including payments. In short, you can get paid for the articles you sell, accomplish it added acceptable for your barter to pay, and abate the risks and costs of lugging banknote around.
Unbanked has taken things added by acceptance businesses to affair their own custom debit cards as able-bodied as facilitate coffer accounts for customers. All that after alike appropriation a feel if you don’t appetite to.
You can accept to use Unbanked’s API to advice you get started. Or you can affairs your own and get Unbanked’s technology up and active for your adaptable app or website.
Everything is seamless. The debit cards will accept your company’s branding. Even if you run a aggregation with beneath than 10 employees, you can still get in on the fintech solutions that the aggregation offers. For instance, you can affair cards with your own logo on them and action FDIC insured coffer accounts. Coffer accounts are crypto-friendly and accessible to barter in added than 200 countries and regions.
What’s more, Unbanked can adviser you to ensure acquiescence on your part. You don’t accept to anguish about red band and acknowledged jargon, Unbanked can advice you with annihilation you need, from authoritative issues to user security, and alike your platform’s security.
Unbanked is additionally a Visa Enablement Partner.
That actuality said, Unbanked is allowance businesses appear up with their own blockchain-based debit cards that can absorb cryptocurrency assets and accessible a coffer annual as well. But of course, added than the banking ancillary of its service, Unbanked can additionally action abetment in several ways, including:
By aggregate the functionality of coffer accounts and debit cards with the blockchain, fintech Entrepreneurs are able to action their barter a Neo-bank congenital on the blockchain after the cost, authoritative risk, and added headaches that appear with architecture it from scratch.
