With the fast pacing technology of the modern day world, it will become very difficult for the underserved communities to catch up with the rest of the world in terms of financial inclusion. Most rural areas are characterised by an inadequate supply and flow of cash, which means most goods are barter traded, or financed using the scarce cash which is in insufficient supply. This has led to millions of students across the globe failing to access proper basics like education and clean water and sanitation, and has mostly affected the younger generations, especially the girl child.
Developing these underserved communities will cost several trillions of dollars and will take several years. Considering the nature of the budgets allocated for infrastructural development by some developing countries, the various nongovernmental organisations will need to chip in to assist with the construction of schools, clinics, bridges and other structures that need to be setup. However, this is not going to be an easy task for most communities. That means these countries will have to skip some phases and generations of development in order to catch with their developed counterparts.
We are therefore developing an advanced form of technology of the MetaVerse type, coupled with the Internet of Things and the next generation artificial intelligence and mixed reality, which shall, for the meantime, serve as an interim replacement for all those costly developments that first need to take place. This will further enhance financial inclusion in the developing communities and cut the global bill for financial inclusion by up to 65%. This combination of technology shall see the developing communities catching up with the rest of the world in terms of financial inclusion.
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