Description: Visionaries are reimagining impact by using the Blockchain for good.
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We’re using the blockchain and the Lightning Network to help vulnerable families in El Salvador become homeowners. About 70% of families in El Salvador are unbanked and restricted from obtaining a loan and owning a home. They work hard and save money, but they distrust banks due to a history of corruption, and the costs of traditional banking outweigh the benefits. It’s common for families in the informal economy to only have access to interest rates as high as 150% and travel hours to use banking services.