The face of the unbanked

“They are walking the streets around you, in this city of privilege, the independent district of London, bought and paid for by banking corporations. This enclave is the Vatican of capitalism, a city within a city. Invisible people such as janitors and service professionals making your sandwiches, who don’t have a bank account. Maybe they accept checks or other forms of payment they can’t deposit. They have to convert these forms of payment into cash, that they must carry or hide. Their loans are through payday loan services at exorbitant interest rates. They are charged 10-30% to send money home to their loved ones and support a basic subsistence lifestyle.”

Excerpt From: Andreas M. Antonopoulos. “The Internet of Money Volume Three ‘