Traditional Banks Not Optimized to Serve the Unbanked – Interview Bitcoin News

For years, traditional financial institutions in different parts of the world have been attempting to narrow the financial exclusion gap by extending their services to the unbanked population. Yet for many reasons, these institutions still cannot avail their products and services to everyone that needs them. Regulatory Hurdles While there are several reasons cited for why banks are still not able to do this, their failure to serve this unbanked population has, on the other hand, led to the meteoric rise of fintech startups. Instead of relying on metrics often…

Lightning Labs Releases Redesigned and Optimized Desktop App

An alpha version of the new Lightning desktop app has been released. The application includes a redesigned and optimized backend for light clients, as well as a simplified interface for users with little to no cryptocurrency experience. Lead application developer at Lightning Labs Tankred Hase joined the company in January 2018 and was assigned to oversee the app’s redesign. Speaking with Bitcoin Magazine, Hase explains that the application preceding the current design was very much a prototype and built before his time with the company. “The aim was to expose…