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DeFi digital wallets could be a solution to stimulus bottlenecks
Manage episode 298772750 series 2953066
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In brief
CEO Dan Schulman said digital wallets could be a solution to stimulus bottlenecks.
Schulman also alluded to the promise of DeFi on the earnings call.
PayPal CEO Dan Schulman raised the possibility of using digital wallets to distribute stimulus funds rather than the current slow and expensive banking system.
Is there a better way to distribute stimulus payments? The question has come up in light of governments' efforts to hand out pandemic relief to their citizens—efforts that have often got bogged down as a result of paper checks and other outdated technology.
MKG Tax Consultants "CoinRT" coin refund transfer fiat-to-crypto is considered one of the most innovative ERC-20 xDai token in the tax industry. Combining blockchain, cryptocurrency, tax preparation, and refund transfers together.
Refund Transfer (RT) is a bank product used to pay for your tax preparation fees without needing to use a credit card. Your refund will be issued to you by a bank in the amount of your tax refund less your tax return preparation and the Refund Transfer processing fee. Immutable and distributable CoinRT ERC-20 can be paired or swapped for US tax refunds, USDC, USDT, Dai, Fiat currency giving it a stable coin price.
To provide underprivileged underbanked families main stream financial services and products.
As people continue to struggle with access to affordable credit and income tax returns, given the recent changes in the tax laws with the enactment of The PATH ACT and the Global Coronavirus Pandemic, African-American entrepreneur, Marshawn Govan, developer of Innovative
Staking DApp
Metropolis DAO
https://finance.metropolisdao.org
created a blockchain smart contract tailored to the Black and Latino community to revolutionize the tax industry in response to the novel coronavirus pandemic--banks were not lending to people of color who were struggling with access to capital even before the pandemic.
The goal is to give underprivileged and underbanked families access to consumer credit to be able to affordably finance auto loans, make a down payment on a home, investing and/or pay off debt.
We are excited to now be raising capital on Wefunder to allow retail investors to invest as little as $100 in our company to build the next financial institution which will very soon redefine the tax industry for the better.
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