For a while now, traditional and neo-banks have been pushing towards cashless societies. However, they failed to account to the fact that in the times of crisis, the majority of people switch to cash. It makes it easier to budget and manage family finances while at the same time allowing unregulated legal or illegal transactions to flourish. Unfortunately, irregularities in family finance and the lack of communication around those issues often lead to unhealthy power balance between partners or even divorces.
At the moment, banks do not offer tools to account for cash spending, budgeting and borrowing. We are thinking of creating a system that does exactly that and turns every family into a virtual bank.