That's an interesting market.
You wouldn't be able to offer them regular banking services though, for the same risk related reasons that banks aren't able to.
That includes check cashing, which is probably the biggest issue at play here (that's how most people still receive their salary).
Unless employers are willing to switch out of paying salaries that way, there's little that can be done (check cashing services are expensive for a reason).
Topic: Over 1 Million Americans Denied Bank Accounts (Read 706 times)
In the NYT yesterday:
http://dealbook.nytimes.com/2013/07/30/over-a-million-are-denied-bank-accounts-for-past-errors/?src=me&ref=general
The article references a 2012 study by the FDIC which puts the number of 'Unbanked' Americans at 17 Million individuals living in 10 Million households.
http://www.fdic.gov/householdsurvey/2012_unbankedreport.pdf
Are there any bitcointrepreneurs out there who are addressing this market?
http://dealbook.nytimes.com/2013/07/30/over-a-million-are-denied-bank-accounts-for-past-errors/?src=me&ref=general
The article references a 2012 study by the FDIC which puts the number of 'Unbanked' Americans at 17 Million individuals living in 10 Million households.
http://www.fdic.gov/householdsurvey/2012_unbankedreport.pdf
Are there any bitcointrepreneurs out there who are addressing this market?
Jump to: