Maybe this isn’t Bill Gates’ original idea, but he’s the only big-name celebrity I hear touting the idea around and that seems quite good. He’s basically saying that one of the major revolutions to create change in poor people’s lives in the near future will be mobile banking and the control of digital assets without losing money on fees.

The video above is just a snippet of Bill Gates’ thoughts on mobile banking and where it is headed. To read a more thorough explanation and discussion, check out his guest post over at The Verge.