More good news about Lumens

in #cryptocurrency7 years ago

Just on CNN; Transcipt of interview with Ade Ayeyemi, CEO of Ecobank on CNN Marketplace Africa:

Ecobank (one of Stellars Partners in Africa) has agreements in place with 35 African countries that allows people to open accts directly online („Express Acct“), no need to enter a bank

Express Accts costs Banks less then 5% of what it costs to open traditional accts

Want to make it as easy to bank as it is to use WhatsApp

Sees huge potential: last 5 months Ecobank 500k downloads, will likely grow to 200k downloads/mo soon

Ecobank believes that it will eventually scale to 100 million user (10% of population) within 5 years

Are in talks with Microsoft, Mastercard, Visa

In the future, people in Africa will have more than one bank acct and interact with it mostly at point of purchase

Stellar is providing Ecobank (through Parkway) with the underlying technology for services like micropayments, healthcare, education and energy: 

https://www.stellar.org/how-it-works/powered-by-stellar/

https://www.stellar.org/about/directory

Sorry for the bad video quality

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