Independent candidate for President of the United States, Brock Pierce, was at The President's House on the University of Wyoming campus this morning to testify via a video link before the Wyoming State Legislature on the topic of blockchain banking.
As a pioneer in blockchain technology, Pierce testified on how to bring capital to towns throughout America rather than just to the coastal hubs of venture capital. Pierce, having founded two banks in Puerto Rico, provided additional testimony on the topic of how to upgrade banking to deliver financial inclusion, allowing banking to be available to everyone.
"Financial inclusion is something that's very relevant to not just this country but the world at large -- and creating systems to provide for more cost-effective mobile banking solutions, lowering the bar and making banking more accessible, is just good for humanity and this country in general,” Pierce testified. “I am committed to support the work that you're doing here, pushing this forward."
"The major impact of this legislation and the job-creation and all of the things that I assume you're hoping will come from this really starts to happen once you have your first successful bank,” Pierce continued. “It is an arduous process but, once you've established your first successful operation, that's when others will follow.”