Explainer

One less barrier

Updated 2026-01-27

Around the world, well over a billion adults still have no bank account. For them, receiving a remittance, saving money or proving ownership of a home can be complicated and expensive. Blockchain technology is not a magic cure, but in some cases it removes one more barrier.

Transparent donations

Charities have experimented with accepting donations on public blockchains. Every transfer is visible, so donors can follow how funds move from the charity to a project. This transparency builds trust, especially for small organisations without big brands.

Cheaper remittances

Traditional money transfers to developing countries can cost several percent of the amount. Stablecoin transfers can be faster and cheaper, provided recipients have a way to convert them into local currency.

Digital identity and ownership

Pilot projects have used blockchains to record land rights or identity documents for people who have no formal papers. Where these records are recognised by local authorities, families gain a way to prove they own the land they live on.

What still holds projects back

• access to smartphones and internet;
• volatility of non-stable tokens;
• legal recognition of on-chain records.

Technology works best when it is part of a wider programme: education, local partners and support from public institutions.