Access Network

About the offering

1.7 Billion adults lack adequate financial access. We estimate that the total number of people in those unbanked households who lack adequate financial access to be much greater. Communities in the developing world face countless challenges on a daily basis, and lack access to the tools they need to realize their full growth potential. Banks have decided that the 'other 1.7 billion' unbanked adults are ‘not worth’ banking. This leaves the underbanked limited to the financial access provided by Mobile Carriers, who typically only provide money sending services for very high fees. The Solution. World Bank for the Unbanked. Access Network is a decentralized bank that incentivizes people to bank each other, and developers to build better financial tools for them. People act as a branchless banking infrastructure for each other. With just a smartphone, individuals bank others in their local communities. Access users vote on new tools and feature development for the network. Developers compete to provide innovative solutions. Simply put: The People's Bank + The People's Dev Shop. How it Works Access Network leverages blockchain technology, ACX token and existing distribution networks. Access Network is constructing a World Bank for the Unbanked, complete with self-governance, incentives, and mass distribution. Access' own ACX tokens are used to: Reward the growth of a decentralized banking infrastructure. Vote on applications they want built. Unlock increased application usage. Pay for fees at a discount or Trade-in for useful rewards such as smartphones. Access Network partners with local banking platforms like Atlas Money--- a system of branchless bankers who provide door-to-door financial service to their local communities. Atlas' self-employed agents attend to the financial needs of their clients daily. Carrying just a smartphone, Atlas agents service people who were excluded from participating in the global economy. Gamified Mass Adoption - Access Network is built to achieve a massive global scale. This ambitious adoption can be reached by a quick yet sustainable incentive, such as rewarding users for what they are already doing - banking each other. Decentralized Development - Developers everywhere are incentivized by a bounty reward to build solutions Access Network end-users are asking for. Specially designed voting systems let anyone with ACX tokens put value on both the most pressing problems and viable solutions. This direct feedback loop is a dream come true for any app developer as it takes the guesswork out of what to build and how. Access team is kicking things off by building the first apps for free money sending, loans and e-commerce. To further promote inclusive development the Access team will be co-hosting hackathons across Africa.

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