This story is part of BREAKER’s Social Good Week, a series looking at ways blockchain technology can engineer progress and help humanity.
Bitcoin was supposed to help the unbanked. Almost since its inception, boosters have been claiming this new kind of stateless, borderless money holds the key to financial inclusion, that it can help billions of people plug into the global economy. With traditional financial institutions, under pressure from regulators, continuing to pull out of parts of the world deemed too high-risk to serve, it’s tempting to think that cryptocurrency is the answer. But its tantalizing promise has yet to be fulfilled.