by Marvin Dumont
Apollo Fintech’s recent partnership with blockchain startup Sovereign Union serves as a springboard for Apollo to introduce e-government solutions to 26 countries in Pacific island territories.
The proposed fintech solutions include National Payment Platform which enables the issuance of Central Bank Digital Currencies (CBDC). Pacific-area territories have a mostly unbanked population and fintech applications help local communities march towards an efficient and cashless economy.
Most Pacific territories use physical U.S. dollars for daily settlements and without access to modern infrastructure or banking systems. Use of CBDCs can bring financial inclusion to under-banked communities, and pave the way for economic modernization. This can facilitate efficiencies of scale, more commercial activity and international trade.
Sovereign Union currently has pilot blockchain programs in Palau and Micronesia.
Apollo Fintech is a leading blockchain company that develops world-shaping fintech solutions for a global economy. Apollo has offices in Africa and North America with plans to expand in Asia, Europe and Latin America. Apollo Fintech is becoming a global leader in Government Blockchain solutions, as well as pioneer of international mass adoption.
Learn more at aplfintech.com.