Reader Comments

BinaryCent Review

by Emily Jacob (2019-01-18)

The Gates Foundation have BinaryCent started reaching out to the poor people located in Nigeria and India with the establishment of bKash and mpesa. This way, people are able to send-via sms-the amount that they want to send. This does not only involve payments to other people but also keeping an online account. Before this innovation, these people were merely storing up their moneys at home which becomes prone to theft and some even invest on livestock or other materials that do lose their value as time passes by. And when emergency situations should arise, they do not have enough to pay for it or cannot get little amounts from what they have invested in without sacrificing it as a whole. This is pretty much saved by online banking as they are able to save more money and use it for many daily transactions and emergency.