@geraldonx

Even people with bank accounts are not exempted since they have to pay high interest for borrowing from banks. Sometimes, their loan requests might get rejected, probably due to lack of collateral or interest from the bank. --- - Transparency ÷ There is little to no knowledge of how banks and financial institutions carry out their operations and how safe their money is in the bank. They just have to trust and hope that the bank does not one day declare bankruptcy. Even though they are protected by the government on their deposits, it is still not sufficient. --- - Interoperability ÷ The movement of money from one institution to another is quite slow and costly. It takes a lot of time due to documents that need to be processed, e.g., wire transfers, changing from one currency to another, etc. ---

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