BanQu is the first ever blockchain Economic Identity technology (patent pending) platform and network that enables a secure and immutable platform for creating economic opportunities for people around the world who are refugees and/or living in extreme poverty.
We provide long-term/ permanent economic empowerment for millions of refugees worldwide and the 2.5 billion unbanked/under-banked people in the world. This empowerment will lead to financial inclusion in the global economy, overall GDP growth and leverage of the global Diaspora capital.
Almost nine out of every 10 refugees (86 percent) are in regions and countries considered economically less developed (http://unhcr.org/556725e69.html). BanQu views financial inclusion not as an incremental change to existing businesses, but as a whole new approach to solving poverty, from the ground up, establishing economic identities in the global economy and dignity for all.
Our model creates a sustainable and scalable model that aims to eliminate extreme poverty for those living under $2 PPP. BanQu provides a practical, low-cost solution to a severe global crisis – extreme poverty and burgeoning refugee population. While the estimates may vary, it is known that the world has over 2 billion people living in poverty and over 65 million refugees/displaced people. The majority of these global citizens are without a basic identity that legitimizes their existence in society. This lack of identity directly prevents them from breaking the cycle of poverty. Many of them die needlessly. For the millions of refugees, the problem is worse as they move across cities and across borders.