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The partnership aims to fill a gap in the traditional financial system that has left many without access to essential banking products. According to a 2017 survey by the FDIC, 25 percent of U.S. households are unbanked or underbanked, while global numbers have reached a staggering 1.7 billion, according to data released by the World Bank. Through BlockCard, Revlon Capital investors can have a virtual card issued to them while a physical card is mailed to them. The card has a minimum of $1000 balance needed. It can be used at over 45 million merchants and ATMs – anywhere in the world where major credit cards are accepted.
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