To Empower Developing Countries by Blockchain Technology, MetaBank Announces Strategic Solutions at Oxford
Singapore-based MetaBank made its debut at the Blockchain Education Summit and Digital Civilisation conference held at Oriel College in Oxford University on 28th March 2023. MetaBank's CEO and COO shared the company's mission and latest case studies in Lao PDR. The company's core focus is to help developing countries transition to blockchain and digital civilisation, aiming to empower individuals and businesses worldwide.
Founded by a team of bankers, lawyers, and researchers, MetaBank is committed to shaping the world by leveraging blockchain technology, particularly for developing countries in Asia. Developing countries in Southeast Asia, such as Lao PDR and Cambodia, have a lower economic development rate and poor infrastructure that have put their famous cultural heritage, such as Angkor Wat and the town of Luang Prabang, at risk. By applying blockchain technology, MetaBank aims to bring greater economic growth, helping these countries to achieve leapfrog development.
MetaBank has developed innovative strategic solutions centred around blockchain technology, featuring three core pillars aimed at revolutionising the digital space.
The first of these pillars is Digital Financial Inclusion, prioritising the provision of digital financial services to everyone, regardless of their income, social status, or location. Secondly, the Sustainable Digitisation pillar advocates for the fair and sustainable use of digital technologies to promote environmental responsibility and equitable access. The third pillar, the Digital Trust Ecosystem, prioritises secure and trustworthy digital interactions through cutting-edge technologies, policies, and practices. Blockchain technology is integral to achieving these objectives and enables improvements in digital identity, supply chain management, public services, transparency, and corruption reduction. MetaBank also uses blockchain technology to promote cultural heritage preservation and economic exchange through NFTs.
Frank Sui, founder and CEO of the company, said, "I founded MetaBank to help eradicate poverty and give everyone a chance to live a better life." As an exclusive strategic partner for the Lao PDR government, MetaBank operates a national-level digital transformation project, using blockchain-powered digital assets as a viable solution to preserve the heritage of Buddhism in Lao PDR. LaoBuddhist.DAO will use NFTs to digitally promote Lao Buddhist culture around the world, create digital economic income, and increase foreign exchange reserves. The Luang Prabang Token (LPT) was issued based on the Lao national blockchain technology to improve the tourist experience by providing simple and convenient payment methods, thus preserving the national cultural heritage while promoting local economic development.
MetaBank's ultimate mission is to provide financial services to those who are unbanked or underbanked. By using blockchain-based systems, local people can access financial services without needing a bank account. These projects allow people in developing countries who lack access to traditional banking systems to engage in economic activity and participate in the global economy. MetaBank's innovative solutions are set to shape the future of digital transformation and empower individuals and businesses worldwide.
MetaBank is a company that is focused on driving digital inclusion and accelerating the transition to a digital civilisation. The company leverages blockchain technology to provide innovative solutions and financial services, particularly in developing countries in Asia.
For more information, visit their website at www.MetaBank.com.sg.
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