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LALA LaLa World

Gearing Towards a Decentralised Financial Ecosystem

5. Jan 2018 - 5. Feb 2018

The commissions and fees charged by the intermediaries for the financial services averages around 7-10%. Using blockchain, we can reduce this substantially by cutting down all the intermediaries for these services and reducing the commission to around 2%. This facilitates financial services for the underbanked and underserved who are deprived of basic financial services.