Kirsten Gillibrand: “30% of the United States is underbanked or unbanked.”

“If you only send 100 bucks, that's 10%. That's a lot of money. So they take your money. It's extractive, it's predatory in many instances. And so this allows more people to participate. 30% of the United States is underbanked or unbanked. And so it allows more participation in commerce in a different way. But it needs regulation. So my perspective is I want to provide the oversight and accountability and the transparency to make this competitive worldwide.” (03:41–03:46)

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