The Dark Side of Financial Inclusion: How Fintech Firms Are Duping the Unbanked
The fintech industry has made a killing off the backs of the unbanked, peddling their wares with promises of financial inclusion. But beneath the surface, a sinister game of manipulation is at play. Fintech firms are using tactics of deceit and coercion to get their foot in the door, and once they’ve got you hooked, it’s hard to escape.
The Art of Deception
Fintech firms claim to be revolutionizing the way we do finance, but the truth is, they’re just using fancy technology to rip off the unsuspecting. They promise the world, but deliver nothing but empty promises and broken dreams. And once you’re in, it’s hard to get out. The inertia of resistance is real, and fintech firms know it.
The Golden Thread of Education
But what about financial education? Don’t fintech firms have a duty of care to ensure their customers know what they’re getting themselves into? Ha! Forget about it. Fintech firms are more interested in lining their pockets than educating their customers. They’re too busy designing products that are likely to be used, rather than ones that actually solve problems.
The Fear of the Unknown
And what about the fear of the unknown? Fintech firms know that people are naturally hesitant to try new things, especially when it comes to their hard-earned cash. So they use manipulation and coercion to get them on board. They promise instant gratification, but deliver nothing but empty promises and broken dreams.
The Dark Side of Fintech
Fintech firms are the wolves in sheep’s clothing, masquerading as saviors of the unbanked. But the truth is, they’re just using their fancy technology to rip off the unsuspecting. And once you’re in, it’s hard to get out. The inertia of resistance is real, and fintech firms know it.
The Future of Fintech
So what’s the future of fintech? More of the same, unfortunately. Fintech firms will continue to peddle their wares, using manipulation and coercion to get their foot in the door. And once they’ve got you hooked, it’s hard to escape. The dark side of fintech is real, and it’s only going to get worse unless something changes.
