Making traditional banking obsolete

Millions of people across the globe are already participating in the global economy without a real bank. Here are some thriving alternatives to banks that provide the utility of banking.

Traditionally, if you wanted to move money around, save cash, pay a bill, purchase something at a store, or otherwise have some sort of systemic access to your cash as you moved around – you needed a “bank”. In fact, you couldn’t do any of these things in the past without a bank. Despite the fact you might have opted to just use cash and stay ‘off the grid’, at some point to do a significant transaction you needed a ‘bank’.

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