Too Long; Didn't Read
The financial industry has come <a href="https://openknowledge.worldbank.org/bitstream/handle/10986/5972/9780195207880_ch03.pdf?sequence=6" target="_blank">a long way</a> from the appearance of the first currency via chinese paper banknotes from the 9th century to the modern, extremely complex economic system that is difficult to maintain, even for powerful governments. We have come from the barter system to the ultra technological platforms like the Nasdaq with its <a href="https://www.nasdaq.com/services/intlmag/issue_44/44_market_matters.pdf" target="_blank">10,000 transactions that take place per second</a>. In developed countries, you will not find it difficult to pay for purchases by credit card, take out a loan online, or send money to a friend using a mobile application. Quickly getting used to the good, we rarely think about how amazing these achievements of fintech industry actually are, which are erasing the physical boundaries and distances between people. At the same time, on a global scale, these benefits are not available to a large portion of the global population. For example, <a href="https://www.businessinsider.com/the-worlds-unbanked-population-in-6-charts-2017-8#the-vast-majority-94-of-adults-in-oecd-high-income-countries-said-they-had-a-bank-account-in-2014-while-only-54-of-those-in-developing-countries-did-the-middle-east-had-the-lowest-proportion-of-account-holders-with-only-14-on-average-1" target="_blank">only 2% of adults worldwide have a mobile bank account</a>.