{"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='McKinsey Report Highlights \u201cInevitable Changes\u201d from CBDC Adoption'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/mckinsey-report-highlights-inevitable-changes-from-cbdc-adoption\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2021\/10\/0372bbc8-b4f1-e544-0553-3cb538a5ba3d1-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-16398\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-16398'>\n\t\t\t\tMcKinsey Report Highlights \u201cInevitable Changes\u201d from CBDC Adoption\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='Big Data challenges and trends for the financial services industry'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/big-data-challenges-and-trends-for-the-financial-services-industry\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2020\/10\/f852bad1-1cca-4791-b9a3-b7643fcbf4cf1-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-15378\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-15378'>\n\t\t\t\tBig Data challenges and trends for the financial services industry\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='Infographic: 7 ways blockchain can help the environment'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/infographic-7-ways-blockchain-can-help-the-environment\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/09\/7-ways-the-blockchain-can-help-the-environment-1-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-10763\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-10763'>\n\t\t\t\tInfographic: 7 ways blockchain can help the environment\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}]}}