LEAF GLOBAL FINTECH

Virtual Banking Beyond Borders

Providing virtual financial services beyond the bank branch…

As families are forced to flee persecution around the world, they have little time to grab limited cash and valuables before leaving their homes. During the long and dangerous journey, refugees face peril at every step. Violence, theft, and natural disasters claim family fortunes and diminish hope. Outside of forfeiting value, carrying cash is often the only option. On top of being inconvenient and expensive to exchange across borders, this exposes families to additional risk.

For the 68.5 million forcibly displaced people in the world today and the 100 million people who could become refugees tomorrow, access to financial services is crucial. Personal savings and access to friends and family willing to help is often the only lifeline in a traumatic time. Knowing money is safe and accessible across borders leads to financial security, peace of mind, and a greater chance of success in a new country.

Integrated virtual financial services for security and efficiency

Instead of using a multi-currency cash system that attracts the attention of thieves or corrupt border guards, refugees can utilize the security and convenience of digital savings through a mobile phone to secure assets while in-flight. Safe storage and transport of assets across borders reduces risk while creating an economy identity.

BLOCKCHAIN TECHNOLOGY

Leaf is developing a mobile application platform to facilitate cash to virtual currency conversion through blockchain technology…

Blockchain technology with its distributed ledger, decentralized administration, and secure cryptography presents an opportunity to provide affordable financial services to refugees crossing through multiple countries.

Leaf converts mobile money through blockchain technology into stable investments. Value is not stored in cryptocurrency so that refugees are hedged against volatility. The platform is accessible through a mobile device—no smartphone required. Friends and family abroad can also contribute into a refugee’s account, creating bridges within networks dispersed by trauma. Whenever the refugee reaches a point of safety, they can withdraw into the new local currency or use their balance as collateral on a microloan. Leaf’s platform offers a secure, affordable, convenient way to safeguard and transfer money across borders that ultimately leads to an economic identity.