ACCESS Newswire
21 Oct 2019, 18:01 GMT+10
SOFIA, BULGARIA / ACCESSWIRE / October 21, 2019 / The concept of 'inclusive finance' was proposed by the United Nations in 2005 to provide appropriate and effective financial services to all groups of society at an affordable cost. Small and micro enterprises(SMEs), farmers, and low-income people and other vulnerable groups such as the crowd are the main targets.
At present, although the international community has achieved certain achievements in the development of inclusive finance, it still has shortcomings. According to the World Bank estimates, there are still about 2 billion adults who cannot enjoy the most basic financial services in 2014.
The micro-economy simply cannot get the services provided by the existing banking system, and the financial services industry needs to be subverted. After decades of development, one-third of the world's population still does not have access to mainstream banking services. For the other two-thirds of the people, the service is not perfect also. The existing banking system has many problems, including systemic risk, data privacy, financial exclusion, lack of competition and so on.
Blockchain technology is characterized by decentralization, trust, anonymity, transparency, and non-tamperability. It solves the shortcomings of traditional inclusive finance and triggers a new revolution in blockchain inclusive finance. BMC is building a blockchain-driven backbone - a decentralized digital asset bank that serves the small or microeconomy, and establishes a complete distributed data storage system.
BMC Fintech Limited is headquartered in Sofia, the capital of Bulgaria, Europe. It has a global management asset of more than 200 million US dollars (around 20000 Bitcoin and mainly digital assets). The team consists of senior financial practitioners and technology talents from Europe, Southeast Asia and the United States. A number of blockchain financial business qualification licenses have been obtained by BMC Fintech.
BMC digital asset bank supports Bitcoin, Ethereum, EOS and other public chains. It applies digital asset management, digital assets trading, digital currency payment and other applications in order to better preserve and increase the value of digital assets. To some extent, Block Mega Coin (BMC) is equal to holding pension insurance, as it will continue to generate stable income.
BMC (Block Mega Coin) is the basic unit of value circulation in the Block Mega Chain ecosystem and an important practical tool for realizing inclusive financial.
Block Mega Coin Issuing Plan
Block Mega Chain is also technically disruptive.
In the near future, inclusive finance will be widely used in people's lives, it will benefit the life quality of grassroots people. The original intention of inclusive finance is to provide all users with cost-effective, dignified and efficient digital financial services.
Official website https://bmcbank.io
Contact:
Cathy Sun
[email protected]
+1 (321) 800-3487
SOURCE: Block Mega Chain
Get a daily dose of Phoenix Herald news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Phoenix Herald.
More InformationWASHINGTON, D.C.: U.S. President Donald Trump signed an executive order this week to lower the cost of prescription drugs in the United...
PASADENA, California: A U.S. appeals court late last week upheld a federal law that stops felons from owning guns. The court rejected...
MOUNTAIN VIEW, California: Google will pay US$1.4 billion to settle allegations that it unlawfully collected user data in Texas without...
WARSAW, Poland: Poland has ordered Russia to shut down its consulate in Krakow following allegations that Moscow was involved in a...
NEW YORK CITY, New York: Norwegian energy company Equinor is on the brink of terminating its US$2.5 billion Empire Wind project in...
WASHINGTON, D.C.: On May 9, U.S. President Donald Trump signed an order to reopen nearly 5,000 square miles of protected ocean near...
NEW YORK - International travel spending in the United States is projected to decline by 7 percent in 2025, amounting to a US$12.5...
NEW YORK, New York - U.S. stocks were mostly higher Thursday, although the Nasdaq Composite finished modestly behind. This is a market...
SAN JUAN, Puerto Rico: As the global trade war deepens, Puerto Rico is seizing the moment to lure international companies to relocate...
INDIANAPOLIS, Indiana: Eli Lilly's obesity drug Zepbound led to nearly 50 percent more weight loss than Novo Nordisk's Wegovy in the...
SHENZHEN, China: China's passenger car sales climbed for the third consecutive month in April, increasing 14.8 percent from a year...
NEW YORK, New York - U.S. stocks were bought up on the Nasdaq Composite and Standard and Poor's 500 while the Dow Jones industrial...