And cryptocurrency and blockchain are going to play a huge role in democratizing finance. It is addressing huge problems. The fact that 30% of the country is unbanked or underbanked. Cryptocurrency addresses that issue. I met with one builder who's already done a billion dollars of loans under $350,000 because his overhead cost is $1,000, not $10,000 that a typical bank would charge. And so we are allowing for black and brown communities and low income communities who are disproportionately shut out of the traditional banking industry, getting access to capital without a bank account, without a credit card. (07:41–07:54)
CLAIM
Asserts that a builder has issued a billion dollars in loans with significantly lower overhead costs than traditional banks.
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