{"id":8862,"date":"2018-03-07T08:00:37","date_gmt":"2018-03-07T08:00:37","guid":{"rendered":"http:\/\/bulletins.bfconsulting.com\/?p=8862"},"modified":"2018-08-10T11:19:25","modified_gmt":"2018-08-10T11:19:25","slug":"airfox-using-blocking-technology-to-replace-banks-in-emerging-markets","status":"publish","type":"post","link":"https:\/\/bulletins.bfconsulting.com\/en\/airfox-using-blocking-technology-to-replace-banks-in-emerging-markets\/","title":{"rendered":"Airfox using blockchain technology to replace banks in emerging markets"},"content":{"rendered":"<p>The American startup Airfox represents a new opportunity in banking, especially for those without bank accounts in emerging markets. The service allows users to make purchases and transfer money while bypassing current banking systems. Airfox works by using blockchain technology via an application that converts a cryptocurrency to a regular currency. Airfox services have already launched in Brazil, and Brazilian users can use it to make purchases, transfer money and pay for utilities as well as for microloans. In Brazil, Airfox accounts can be replenished via the more than 40,000 Boleto Bancario terminals in the country.<\/p>\n<p>Airfox is also developing its own credit scoring system that uses data within the application to determine creditworthiness. The company plans on launching in other markets in Latin America, Asia and Africa in the future.<\/p>\n<div class=\"rpbt_shortcode\">\n\n<div id='rpbt-related-gallery-1' class='gallery related-gallery related-galleryid-8862 gallery-columns-3 gallery-size-thumbnail'><figure class='gallery-item' role='group' aria-label='Top Cybersecurity Predictions for 2023'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/top-cybersecurity-predictions-for-2023\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2022\/12\/ab708f6a-6c97-b73f-540f-6089b345e6ed1-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-16920\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-16920'>\n\t\t\t\tTop Cybersecurity Predictions for 2023\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='The Six Biggest Trends in Fintech Today'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/the-six-biggest-trends-in-fintech-today\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2016\/10\/fintech-image-no-color-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-3678\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-3678'>\n\t\t\t\tThe Six Biggest Trends in Fintech Today\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='China UnionPay and banks create unified payment app'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/china-unionpay-and-banks-create-unified-payment-app\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/05\/photo-1423784346385-c1d4dac9893a-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-9557\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-9557'>\n\t\t\t\tChina UnionPay and banks create unified payment app\n\t\t\t\t<\/figcaption><\/figure>\n\t\t<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>The American startup Airfox represents a new opportunity in banking, especially for those without bank accounts in emerging markets. The service allows users to make purchases and transfer money while bypassing current banking systems. Airfox works by using blockchain technology via an application that converts a cryptocurrency to a regular currency. Airfox services have already &hellip;<\/p>\n","protected":false},"author":5,"featured_media":8863,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,16],"tags":[45,399,35,400],"_links":{"self":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/8862"}],"collection":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/comments?post=8862"}],"version-history":[{"count":6,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/8862\/revisions"}],"predecessor-version":[{"id":9052,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/8862\/revisions\/9052"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media\/8863"}],"wp:attachment":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media?parent=8862"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/categories?post=8862"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/tags?post=8862"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}