The 7 Most Important Things Cryptocurrency Can Do For The Underserved
Cryptocurrencies can be a game changer for the underserved. With over a billion people currently unbanked, the ability of cryptocurrencies to provide financial services to entire populations has been historically excluded.
The 7 most important things crypto can do for the underserved
It can provide a way for people to send money to loved ones abroad without having to depend on a bank or a third party company.
It can give people a more convenient way to store their money than in a bank account or through traditional investments like stocks or bonds.
It can bring new opportunities for digital commerce and online shopping.
It can help unbanked people to access online financial services such as credit cards, loans and insurance; currently banned for them because they don't have a bank account or credit card.
It can empower women in developing countries by allowing them to start businesses or take over family farms even if they have no formal education or training.
It could also allow these women to be paid directly by their clients instead of having to wait for a check from their employer or husband
Digital currency allows you to pay friends and family without worrying about their credit cards or bank fees (remember when your uncle paid you back after Christmas with a 20 note dollars?).
Cryptocurrency is different from these other assets because it is open source and decentralized. This means there is no central point of control; No entity can unilaterally change the rules or control your money. As such, cryptocurrency is a true peer-to-peer network that allows anyone with an internet connection to participate at will.