What is Global Pay Net?
GPN means being happy and that is truly what we want to achieve – financial freedom, financial happiness, and financial accessibility to over 2 billion unbanked and underserved.
The migrant and their unbanked families in emerging and frontier markets have been suppressed for the longest time without any access to basic services, financial or otherwise. About 2.4 billion poor people worldwide are often excluded from free movement, basic rights which often leads them to corruption, crime, including slavery, human trafficking and in extreme cases, death.
Banks, financial institutions and even local financiers do not participate in these markets because they are not able to adequately assess price risks. Lack of reliable identification systems, financial data, unreliable intermediaries, zero credit history and unpredictable legal systems further limit the capital available for financial inclusion at grassroots. This uncertainty and severely limited access to financing and other financial products cripples’ individuals, micro entrepreneurs, small businesses, stymies growth and entrenches poverty. GPN World is all set to change that.
For decades, the current financial system has been controlled and centralised. Numerous attempts to create a central clearing system like SWIFT, CHIPS, various clearing houses, for domestic and international payments systems etc. are largely contractual arrangements between two parties with greater influence by geopolitical factors.
Blockchain приходит в качестве замаскированного благословения, чтобы действительно создать децентрализованную сеть одноранговых сетей, распределенную среди держателей стоимости. Начиная с скромных начинаний в 2008 году, Blockchain и криптотермины сегодня становятся популярными. Кроме того, события в блочном пространстве продолжают происходить быстрее, чем когда-либо прежде. Несколько корпораций, правительств и разработчиков работают над различными аспектами для улучшения этой технологии, но в течение следующих нескольких месяцев будут реализованы три основных аспекта Blockchain, которые, как мы считаем, будут творить чудеса для GPN World и небанковских.