IVO Jenik, senior financial sector specialist with the Consultative Group to Assist the Poor, said crypto and related technologies could help address weaknesses in the existing global financial system, particularly the exclusion of billions of people from adequate financial services.
He was speaking during a panel discussion on virtual asset service providers (VASPs) at the Central Bank of Trinidad and Tobago’s Research Review Seminar 2026, themed “Operating in a Fractured World: Economic Resilience, Innovation and Sustainability,” on September 10.
“The current financial system, both nationally and globally, is not really working very well for 1.3 billion adults globally who are excluded, and many, many more millions who are underserved,” he said. “And that includes people who either cannot or cannot, for a reasonable price, send money home or to other places that they want.”
