June 5, 2023
In a world fueled by innovation and connectivity, there’s a burning injustice that prevails that everyone has forgotten about: unbanked gig workers are left stranded on the outskirts of the digital economy. But fear not, for Empowch has arrived on the scene like a blazing superhero, challenging the status quo and revolutionizing the way these marginalized individuals access fair and timely payments. Brace yourself for an electrifying journey through Empowch’s groundbreaking solution, where financial inclusion meets the unstoppable force of the gig economy.
Unleashing the Potential of Unbanked Gig Workers:
For unbanked gig workers, gaining access to fair and timely payments has long been a challenge. Empowch recognizes this hurdle and eliminates the dependency on traditional banking systems. With Empowch, unbanked workers can now enjoy greater access to gig economy platforms that offer payment solutions specifically tailored for freelancers without a bank account. This breakthrough levels the playing field and opens up unprecedented opportunities for previously excluded individuals.
The Empowch Payments Platform:
Empowch’s user-friendly interface is the gateway to financial inclusion for unbanked gig workers. The platform allows users to access their self-custody mobile blockchain wallets, enabling them to make seamless peer-to-peer payments to other wallets, bank accounts, and even credit and debit cards. Additionally, Empowch facilitates cash withdrawals from trusted third-party vendors, ensuring that unbanked individuals have a tangible means of utilizing their earnings. This unique feature is particularly valuable for remote rural areas where access to traditional banking services is limited.
Building Bridges Between Gig Economy Platforms and Freelancers:
Empowch not only empowers unbanked freelancers but also bridges the gap between gig economy platforms and these workers. By connecting merchants, gig economy platforms, and freelancer platforms to their own self-custody blockchain wallets, Empowch facilitates streamlined payments between all parties involved. This integration ensures that freelancers receive fair compensation promptly, thereby unlocking a world of opportunities and empowering them to participate fully in the gig economy for the first time.
Empowch: Driving Sustainable Development:
Beyond its transformative impact on individuals, Empowch aligns with the Sustainable Development Goals (SDGs) set forth by the International Monetary Fund (IMF). The company’s commitment to financial inclusion directly contributes to SDG 8: Decent Work and Economic Growth. By enabling unbanked workers to access gig platforms, Empowch facilitates economic growth, reduces inequalities, and promotes sustainable development.
Empowch’s Journey towards Empowering the Unbanked:
Empowch’s founders embarked on this venture driven by a deep-rooted desire to empower individuals facing economic hardships. Originating from Lebanon, where the collapse of the entire banking sector caused severe inflation and financial distress, they recognized the urgent need for accessible financial solutions. Empowch was born from this commitment to helping their family and communities overcome the challenges created by a broken financial system. The company’s self-custody wallets, designed to serve far-flung rural areas, hold immense potential in addressing financial exclusion at its core.
Joining Forces in an Impact Accelerator:
Empowch’s dedication to making a lasting impact is further exemplified by its participation in the “Financial Solutions for Migrants” impact accelerator program organized by Village Capital. This prestigious program has brought together dozens of impactful startups, including Empowch, to hone their offerings and engage with leading impact investors. With an upcoming finale in Istanbul, Turkey, Empowch eagerly awaits the opportunity to present itself to global impact investors who share their vision of financial inclusion and positive change.
Empowch’s innovative approach to financial inclusion is reshaping the gig economy landscape and empowering unbanked workers in unprecedented ways. By leveraging self-custody mobile blockchain wallets and fostering connections between gig economy platforms and freelancers, Empowch paves the way for fair and timely payments for all.
As an impactful fintech company, Empowch is not only transforming the lives of unbanked individuals but also driving sustainable development in alignment with the SDGs. With their journey rooted in a mission to empower communities, Empowch is poised to make a lasting difference and revolutionize the gig economy.
Help us grow our community and make it stronger. If you are a Gig economy platform (or you know of one) and you want to help us empower the unbanked freelancer, please reach out to us at Contact@empowch.com or go to our GIG Economy Platform API page and reach out to us from there. Effecting change at speed, requires more than a village so help us escalate the growth so more people are empowered quicker.