Blockchain technology is rapidly changing people's financial life's and financial statuses from poor to rich, something we can already see with Bitcoin. Bitcoin enables everyone with an internet connection to open a wallet and start receiving and sending money, without the need for an ID or a credit history. For many developing countries, this might be nothing new.

When Blockchain and crypto coins are used, it offers a wide variety of new products and services for the poor, for a fraction of the costs, which could significantly improve their lives. Examples include microloans, or payday loans, for a fraction of the costs of traditional (payday) loans. The company Wayniloans developed a bitcoin lending platform, which is gaining traction in Latin America. They offer multiple loan services, including cash advance, peer to peer, and business loans, using the bitcoin blockchain for a much low rate than traditional lending companies.