The MITE - digital currency for the unbanked Bitcoin for the unbanked How Blockchain is Banking the Unbanked Bitcoin: Banking the Bottom of the Pyramid Profits at the Bottom of the Pyramid - Harvard Business Review Sunday, March 22, 2009 Digital Currency for the Bottom of the Pyramid WireMite derived from Wire - to electronically transfer money Mite - the smallest denomination of money in biblical Roman times WireMite was created as a digital delivery currency for international remittances of immigrants to their original home country, or to be used by lending circles such as the Grameen Bank or Bottom of the Pyramid enterprises. WireMite was founded back in 2000 to enable low cost (no cost) remittance from a local POS or computer terminal to any other location in the world. It was important to enable these transactions to be independent if possible from state owned currencies and added costs and delays. WireMite developed systems t...