increased also depression on the government in the region to take more responsibility for their own security more quickly. i mean, i guess mike, is that more politics? my come into the garret codes from the german council on foreign relations. we'll have to leave it there. thank you. very much for your time. you're watching data of the news live from berlin. we'll have more headlines for you at the top of the, our stay to now for rev the the, against the corona virus pandemic, is the rate of infection in developing measures are being taken. what does the latest research say? information into context,

use data special monday to friday on d. w. they were projects in the gym. i love batting thing away, but i'm not going to have my own car. everyone with later holes and every day. good . and i, you ready to meet the gym and then join me, raise us, do it on the w i chip, special block chain is revolutionized in the financial system in the philippines. me, lena is ayesha is an entrepreneur from germany and an expert. i'm crypto currency. she's traveling around the philippines to meet people who use block chain technologies to provide everyone with access to financial services.

me bit cleaner. the current open source to the people that were not involved in financial actions. there are a lot of, i'm bank people, people that then have no access to services that we would take for granted. like insurance, saving money, borrowing money, planning ahead for those and the day that they live because they only have money for that day. they are living with me the me i bought the one i did not have that. i need to bring

them on that or the barrier that i put in and then we'll move them around within them. fair that 1000 and body put me on a 1000 to 2 months to pay for your own pain. dangling them and imposing them up by the end. then i learned a lot now. and as i've been long renewed jellies i don't, i don't duplicate them. i was going to be begun with the news along by the

guy nursing mom or last the this have been a lot of people that about have the i thought maybe get maybe getting them for you. number 5. i don't know why there was there are a lot of over workers from the philippines going to other countries because they can earn more there than they couldn't the philippines. so even though the salary

compared to the global standards is really low, even overseas, they can send it back to the philippines. the uses that they pay family high fee just to remit the money to their families at home. where crypto currency comes in, the long term terminal becomes in already is that they can send back the money with crypt currency. their family can exchange it in pawnshops, where they, where they live and the fees are so much lower. and that is something that is already happening today, and that is just going to develop and improve. i believe the average amount that the filipinos in the home is $200.00. they'll be $20.00 out of that to get that

money for their family. and it's really a decentralized financial system doesn't need a government, it doesn't have central authority. if interoperable it's global, it's borderless. basically it's an option for people who are excluded from the existing system platform where people can send money from anywhere in the world can just using yeah . so a normal overseas for worker wouldn't know how to use basically and you know, that was one of the 1st challenges we had. and what we did was we partnered with

similar services based in canada or south 3 or hong kong or singapore. and what they did was they provided up the 1st mile for communities that have been a communities that have been overseas workers. they would just basically advertise a cheaper, faster way to send money to the philippines, making the bit going by invisible. so using bit plan as a platform, we were able to provide a service where you could just easily sign up, make an account, putting the amount you want to put in, put in the pick up option delivery option. and then i choose the fun shop. and it's done like i've sent money basically $20.00 from anywhere in the world through the philippines. and i can go

downstairs from the font shops, pick it up soon as i get this text message or this email benefit of being, there's 50000000 people younger than that 24 envelope. and they are tech savvy. they're not afraid of technology. they're not afraid of potential world that kind of don't trust the banks. it's kind of like brewing, you know, like we say like a perfect store for this kind of technology to take hold the point was and it's being used for fraudulent activity, for sake investment scheme, for ponzi scheme. and just for scans, because it was easy for the people,

there was a height, there is excitement, not a lot of knowledge, but hope of being put into it. so it doesn't only attract good people with bad people as well. that then can make a lot of money out of that. that is not, you know, that is just a very small part of the space that doesn't reflect that this technology and what this technology can do. the way to doc chain works, as opposed to a centralized system, is that the information data and control is not in the hand of a centralized entity, but it's distributed and copies the knows all over the world. the knows i handle independently and anybody that has enough computing cars, eric could run a node,

meaning anybody could take part in the process of their assign transactions, the building block chain. oh, this is where the big difference. nice because the par and the can show just given back to the people me the plastic bag has launched a block chain based banking application for the poor. an opportunity to use plastic as money, individual collectors that would otherwise sell to a middleman who then sells to another middle man and remove the middleman. and then we transport directly from the hands of the collector to the recycler, all of the extra value that was going to all those middleman are now shared amongst the collector use.

there's a powerful roadmap ahead to the plastic bank in the application including financial inclusion, credit rating that service. and the app in this community is used not just to register the collector, not just to give a sense of identity, but to give a transaction history. to give the collector an opportunity to have authentic value exchanged into their account, it allows her to have a savings account, allows her to be free of cash. how powerful to look into a bank account now and see that you actually have value.

our mobile phone variation is over 100 percent, one of the fastest growing in the world. and so making the people go about let's just put banking into their hands sitting up the bank. so you need the bank by putting the bank in the smartphone. it's so much more accessible. i want everybody to, to benefit and by connecting our app through the existing systems, you know, it makes it, it makes that transition easier. and it makes people adopting that because they're using these kinds of apps. you know, not that scary and eventually the goal would be like, you know,

if the apps are really useful and if they work, then you don't need to convince people. think you're working, you're doing the pioneer work there. because you're maybe struggling with the image that you know, lot tend to go to cooper kinds. the is this disruptive kind of thing that endangers traditional distances. so are you doing by worked with together sort of working against things you're doing very important i believe block chain technology will fundamentally change the way our society words in the long run. it will enable new processes. we can't things right now, but the auction is there. what i can do is i can include people can narrow down the gap between rich and poor. ah,

ah ah, it's the oldest legal car on german victory. german bureaucracy has no mercy. not even for this for wheels. it's time for another technical field of bands. victoria's registration. oh, listen carefully. don't know how to list

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