60 second idea to change the world

Unethical banks fund barcoded savings coins for children

Anthropologist Catherine Dolan says that at birth, every child should be given a special hi-tech one dollar coin which they could do with as they please but which would also automatically give them a working bank account when they reach 18. The barcode and a sample of the child’s DNA embedded in the coin would ensure that only the child could operate the account and it would also remove the many barriers which the poorest everywhere face because they cannot open a bank account. It would be funded by fines on misbehaving private banks reminding them that ethics matters.

on the BBC World Service

By admin
Published on January 31, 2013

Share this:
Leave your Get involved. (Your comments will be moderated)


Leave Email:


Leave your comment, we would love to keep an open debate

This website offers an editorially independent forum for informed comment and analysis of private sector activities at the Bottom of the Pyramid. This is a space for new thinking, approaches and evidence that brings challenging and critical new perspectives to current debates about the role of business in development.

See all panelists' profiles