China News Daily TheBitTimes.com

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. For years, the crypto industry has reminded many of the Wild West. Little to no regulation, elaborate scams, and flocks of neophytes interested in taking part in the financial (r)evolution — it is indeed sometimes like a reimagined Clint Eastwood’s movie in a modern fintech setting.  Yet, crypto’s emergence has also exposed many malfunctions in the traditional financial system. Approximately 1.7 billion people have no access to conventional financial institutions, and 50 percent of that unbanked population is Muslim: mainly due to limited financial education, the lack of trust in financial institutions, and restricted access to financial services.  A wave of Islamic fintech companies are entwining ethics with cutting-edge tech to address these issues and empower global Muslim communities .  You might also like: How cry

The partnership between the Polygon network and Mercy Corps Ventures targets underserved communities in blockchain awareness and education initiatives. Blockchain technology continues to make its way into mainstream view, as many companies adopt the technology as a part of their operations. In the push for Adoption of this technology comes the simultaneous need for more Education on the technology.  A new partnership announced on March 2 between the Polygon blockchain network and Mercy Corps Ventures, the investment arm of the humanitarian organization Mercy Corps, focuses on bringing blockchain education and opportunities to underserved communities. According to the announcement, the new partnership has three primary objectives in its effort to bring blockchain and Web3 solutions to “traditionally excluded and underserved communities.” These objectives include funding blockchain pilots that enable access to the financial system, blockchain hackathons with developers serving users