Dr. Lea Lani Kinikini
Chief Diversity Officer & Founder
Inclusivity & Bitcoin: KoinKrypt ATMs Ensure Equity for Diverse Customer Bases
The Federal Reserve estimated there are 55 million unbanked or underbanked adult Americans in 2018, which account for 22 percent of U.S. households. In its most pure and potent form, institutional transfer of fiat currency are at odds with unbanked Americans, requiring an arbitrage service for the bankless such as Bitcoin ATMs. Koinkrypt, founded as the state of Utah’s first woman and minority-owned digital currency machine (DCM) company comes in as an inclusive solution for underbanked Americans who want direct access to digital coin purchase and data privacy. A grass-roots network of KoinKrypt Bitcoin ATMs in the Salt Lake Valley provides access to the forefront of services emerging from Value Technologies. This seminar will give an overview of the State of Utah, from its inception as a theocracy during the 19th century to today, a growing industrial center of Value Tech companies as it explores the emergence of Bitcoin ATMs that will increasingly serve unbanked and underbanked users. As Utah’s laws allow a “sandbox” regulation for digital assets, KoinKrypt is ensuring that its compliance not only is met, but that inclusivity and access is central to our business strategies to reach minorities, underbanked and underserved. Our fair and equitable regulatory compliance that neither discriminates against the marginalized customer, nor avoids regulation by friendly governments. As Value Technology emerges, a ten-year regulatory process of equivalence will open up to support a financial sector that serves rather than suborns the unbanked. KoinKrypt targets unbanked equally, who need a trusted arbitrage provider.