by Marvin Dumont
Apollo Fintech frequently holds AMA (ask me anything) sessions to answer the community’s questions on various topics.
On innovative plans for Knox Bank:
According to Stephen McCullah, CEO of Apollo Fintech:
There’s a lot. I don’t have time to go through all of them. But we’re going to an agent system where we take Knox Bank worldwide through agents, top-up cards, etc. We’ve got a lot in the works.
The reason why many are unbanked is because of accessibility. There are barriers of accessibility and usability. Even if people could use their bank account or pay bills using crypto, there are still access-related barriers.
On giving people access to banking services and crypto:
We’re creating a model that allows people who live in far-away villages the ability to have a bank account that allows them to wire funds, get a debit card, etc. We have all these projects that are built around banking the unbanked.
We’re breaking down barriers through innovation. One of those ways is through top-up cards. A person can go to an agent who will help him/her set up an account. The agent will take their deposit to top-up their account (and be able to spend at retail locations).
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.