New lending protocols inch along in potential boon for ‘underbanked’

Crypto isn’t just for high-net-worth traders with an appetite for risk, but can also help the poor, according to the industry and its cheerleaders. Take US Representative Ritchie Torres, a Democrat from the Bronx, who took to the stage at a conference hosted by Ripple earlier this month to wax lyrical about how blockchain has the potential to “liberate the lowest income from the long delays and high fees of the traditional financial system.” Now, crypto venture capital firm Paradigm is promoting that nar ...