Women are also more likely to suffer from gender bias, which affects their access to financial services. However, technologies like mobile money have expanded the access to finance for many poor people across the continent.
For example, in Kenya, private mobile money services have increased the rate of inclusion to over 80%. This is an indicator of the potential technology has towards solving such problems.
Other than transparency, blockchain and cryptocurrencies have more features that are potentially of benefit for financial access. The trustless nature of bitcoins can help solve gender bias, while cryptocurrencies can help to remove cost barriers that make finance expensive, since they are stateless.