Digital currencies, particularly decentralised ones, can play a transformative role in promoting sustainable finance and economic inclusion, key aspects of ESG. By leveraging blockchain-based digital currencies, businesses can create new models of financing that prioritise sustainability and social impact.
Using decentralised digital currencies, Kiva ensures transparency and reduces transaction costs, enabling individuals to access capital and improve their livelihoods sustainably. Decentralisation ensures that power and decision-making are distributed, enabling a more inclusive and participatory approach to ESG practices.
In Africa, digital currencies have emerged to promote financial inclusion and drive sustainable finance. For instance, BitPesa, a fintech company based in Kenya, utilises digital currencies to facilitate low-cost cross-border transactions. By leveraging decentralised digital currencies, BitPesa enables individuals and businesses to access financial services, bypassing traditional banking systems and promoting economic inclusion in underserved regions.
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