Bitcoin Forum

We know that Blockchain is making big waves among wealthy investors, But Do you think blockchain and cryptocurrency have the potential to benefit the people who are living in underdeveloped or developing countries and are in desperate need of secure, reliable, and affordable financial services ?

First things first you have countries that still don't have paypal and other internet money services or yet their banks might not allow you to move your money outside to specific countries etc. What cryptocurrency essentially can do is open whole bunch of opportunities where nobody can tell you that you are not able to transact and spend and use your money the way you want to. With marketplace like openbazzaar and many new innovating this happening on ethereum blockchain and others I see huge benefit for poor countries.

Although overall they can't reduce poverty as one human can reduce poverty only for himself by providing the value to other people and getting paid in return. So you will still have to work until sci-fi AI takes over.

Blockchain can definitely help. Cryptocurrencies could do but they haven't so far, remains to be seen how helpful they'll be for the poor.

Of course, crypto-currencies are the key to eliminating poverty in underdeveloped countries. The population of poor countries has a lot of unfair restrictions that do not allow them to change their lives. They can not get primary school education. They have class, religious, infrastructural, financial, political and geographic restrictions. In many such countries, the government is not interested in the development of its people.
Therefore, I believe that the crypto currency is another way to reduce discrimination in the world economy.
At the moment, we can observe Venezuela. This first country, which is under the sanctions of developed countries, has issued its own national cryptocurrency.

Of course it can be, because anyone can become a crypto mania, let alone he who has expertise in the field of computers. Because the world of crypto is still very open to anyone, but somehow until then but we have to think logically, because I think crypto currency will soon dominate the global economy

Through proper education about crypto and resources to operate it, I really do believe that poverty would reduce. If all people would do trading and campaigns through Bitcoin unemployment and poverty rate would reduce too. By this the economy would improve and can help each individual become successful .

 They even have the potential to reduce global poverty by facilitating better access to capital and financial resources, and by enabling small ...

i am living in an underdeveloped country and as far as i know the people from my country who have invested in the crypto has suffered massive loss because of market dip and they don't want to invest more into crypto.. i myseld  has suffered massive loss in crypto trading but i am learning the market trend by making loss trades

indeed, it can help a lot of people, especially in less developed areas I think.
but to do that, you have to learn and master the subject.
it's not an easy area and there's also a way to get ripped off for novices.

Blockchain is ideal for countries that are underdeveloped but it's also ideal for developed countries.

Crypto's are also ideal for those said countries. It means that in all countries cryptocurrencies and blockchain can help the economies as it adds value or source of income to them. But it's those countries aren't just going to allow everything these two to conquer them.

certainly can. it all depends on your own. not everyone understands this cryptocurrency. they do not know much about crypto. if they understand it then it will reduce poverty in their own country. because they have a source of work and income from crypto.

Cryptocurrency is a miracle. It has helped many people make more money and make many people poorer. I think Crypto is unreliable because so many hackers can steal coins easily. Taylor has been stolen more than 2,500 ETH. I did not believe in trading platforms anymore.

I think it can really help out poor countries under heavy embargoes. Venezuela was given as first example and yeah its first of its kind. It may also help touristic countries to make money easier by discounts over crypto..

I would say no.
Unfortunately, there are parts of blockchain tech that will empower those much more in undeveloped countries.

Currently, since it is mostly unregulated, it is a free for all market.
What we are starting to see more and more, is a vast amount of whales starting to dominate certain coins and having the power to manipulate the market.
They can have power over those who don't and use the market for their own ends.

IT is actually similar to the real world market.
In order to make money, you have to have money.

However, I don't see things as being totally hopeless.
There are many ways that blockchain tech can empower those impoverished.

Through airdrops and bounty programs, those who don't have that much financial means can get a heads up in crypto and through skill, knowledge, and luck can trade their way up to owning a very valuable portfolio.

Of course, I'm sure that the digital economy is capable of minimizing the level of poverty. This can be evidenced by the participation of large multinational companies in the process of implementing blockchain technology in the money transfer system. For example, IBM announced a partnership with a network of international banks to use the blockchain platform, which will allow people to send money to other countries in the crypto currency. MasterCard also announced that it will open its block chain as an alternative method for cross-border payments, which may also be more effective.
Read more in this article: http://knowledge.wharton.upenn.edu/article/blockchain-technology-can-serve-nots/

I don't think that's true. It seems to me that the poor have no money because they are lazy and do not want to develop

Today technology and education has reached every part of the world, and i think that would be a major factor in favor of crypto reducing global poverty.

Yes, crytocurrencies can reduce global poverty thanks to their decentrilized nature. Decentralization allows not one person, but many network users to make decisions and participate in the process of regulating this area. Thus, not one person or a group of people has power, but there are thousands and millions of people who are able to decide and take responsibility for their decisions.

It definitely can, just think of it when people from slowly developing countries will earn that much in crypto.

They are part of the global poverty and by getting a decent way of living through crypto's they will reduce the percentage of global poverty index.

 I don't think so. In my opinion, cryptocurrency won't be able to reduce Global Poverty. Only the proper attitude of the government will be able to do this. I am sure that it is possible if governments take more efforts

I am sure, firstly, cryptocurrencies can benefit people from disadvantaged countries. Developing countries are in great need of a stable, reliable currency. And the cryptocurrency can help in this. The experience of Venezuela with the cryptocurrency El Petro confirms what was said.

this can happen because some people from the article that I read and the member here is helped in financial terms, and even so cryptocurrency makes people so poor because of losing money from trading, investing and gambling, that's why many say that cryptocurrency is like a double-edged sword.

Yes, but not at the big scale you are expecting, do you know the number of Crypto millionaires we have now, Crypto has turned around alot of lives, the big issue is that the concept behind it is very abstract for uneduacted people and this is a very serious problem

Of course, there are those countries that have not yet reached the infrastructure that exists in large megacities and countries, and only crypto can help them to combat the current situation.

Before talking about that you should keep in mind the fact that cryptocurrency is still banned in many countries. So for it to serve as a way  to reduce poverty, make sure it is accepted globally.

Crypto would be helpful and could provide a major influence. However, this is still a lot of debate for each country are potential can secure crypto to be utilized or not. But if they see the benefit then if in the problem of poverty then the crypto can be a way out.

I think that answer in No. But with cryptocurrency they can get access to online shops, education platforms (Paypal doesn't work in whole world, so users can't pay for online services). Also in countries with high inflation even BTC can be "stable" store of value. But cryptocurrency can't destroy the line between poor and rich people.

Why not? There're a lot of people sitting unemployed and searching for jobs. Crypto currency doesn't need that much qualifications. What they need is a lilttle bit of study and experiance. This field has brought opportunities for the unemployed which may reduce poverty one day.

I will go a little bit different from what people are thinking about crypto currency as a factor that determines the rate of global poverty. Let it be at the back of your mind that crypto currency, just like fiat currency, is not intended to reduce poverty rate but to serve as a means of online payment. How do you even invest in crypto currency when there's no money?

actually, cryptocurrency is a good currency. but the current development of cryptocurrency is not so good, especially in the developing country. many people who oppose the existence of cryptocurrency because they consider cryptocurrency is unsafe. I hope the cryptocurrency can enter the developing country because we know that many benefits that will get. with cryptocurrency the economies of the underdeveloped countries will also be helpful.

Crypto currency is a good innovation that can make transactions easier. Crypto currency may be the thing that can change poverty, but it needs strong support by a person or group who wants to change his life. For those living in the interior it would be difficult to use or invest in crypto currency.

It’s a good question because based on bitcoin many investors are invest money and some are using this like a company so many jobs are creating so many people can get job here also with this money a country can develop their economy so poverty level may decrease . Based on this if we invest in BTC it will be beneficial for us.

I think that is difficult, but, yes, of course possible. In order to get all the facilities by the people of under-developed countries, they must of course have the access to technology. If that demand is met, then blockchain system and cryptocurrency will have the potential to improve the financial conditions of underdeveloped countries.

Yes i think this is the key to reduce global poverty. But in order to do this I think people at underdevelope countries should be aware how this will work. They should be knowledgeable enough on how to work with crypto to be productive. This is not as easy as a computer games this will include knowledge and smart techniques to succeed.

Global poverty is not that simple and it's difficult to shake it off with blockchain or any other means. Poverty ridden areas in developing world requires education so may be blockchain can help provide education to them but you still need infrastructure, uncorrupted individuals and people who are wiling to help.

I'm thinking about that is very hard to bitcoin solve most of world problems, but I see that it's giving us many oopurtunities, especially for jobless people to earn money for living

Global poverty is a huge problem of every country and even the government did not afford to solution it. So, how the cryptocurrency can reduce it if the government can not do it. Not all problem in economy can be solve in bitcoin especially if its not legal yet. Its hard to say what bitcoin can do particularly in the matter of financial services its a huge responsibility can bitcoin hold. Even though bitcoin has many opportunity to us and to our economy but its different economy between developed country and undeveloped country so we can not defined easily if bitcoin can help it or not.

I think blockchain has changed the world and made all investors gain profit and many companies have benefited,
I think blockchain can be dependable as a secure, reliable, and affordable financial service,

i dont know , i believe fintech is mean to make transaction more effiecient, low cost and reliable. I dont think it could helping poor people at all.  There will be always poor and wealth and it how the world is. Maybe blockchain could make something that can help disteibution of fix income, there is theory about fix income and i believe its only eay to fight poverty but i dont think it will turn out good cause i believe it will make people become more lazy and not struggle in life.

Currency of currency notes can never reduce poverty of any country, there is a fix ratio of currency notes which a country can print, secondly currency is a source of buying things you cant eat or wear notes, need of human can fulfilled by sources of employment and working condition, excess printing of currency can bring to inflation and so many other problems, so it is very difficult to say that cryptocurrency can reduce poverty.

A big YES, if only people in the undeveloped countries acquired knowledge of cryptocurrency, if somebody can teach a few and the few teach others, eventually they will learn and join Bitcoin to earn.  They can convert it to thier local currency to augment their income.  Bitcoin can help many people and help reduce global poverty.

Through legitimate instruction about crypto and assets to work it, I truly do trust that destitution would lessen. On the off chance that all individuals would do exchanging and crusades through Bitcoin joblessness and neediness rate would diminish as well. Through the help of this the economy would enhance and can enable every person to wind up effective.

Cryptocurrency is not the solution to end reduce global poverty, the way to reduce global poverty would be for people to be less greedy with the way that they handle wealth. The reason for poverty is that the wealth is not evenly distributed and as we can see even in cryptos, there will always be people who have more than others do and still try to get more from it, in cryptos we call these people whales.

if for a global scale it is still difficult to reduce poverty, because poverty is one social aspect that can not be stopped by the government, let alone crypto, maybe a very small amount can, but it takes a long time and must be widespread throughout world.

I do not think that cryptocurrency can affect or reduce poverty. people need to come to the world of cryptocurrency and start working with it to get income.

From my perspective, i think it can. Because everyone can invest in the crypto market and for this reason, they earn lots of profit from there. This market can increase investor’s income range. So if peoples connect with the crypto market it reduces the global poverty.

Reducing global poverty through blockckain technology and cryptuos in developing country can only be achieved if the necessary infrastructural facilities had been put in place, e.g accessibility to cheap and affordable internet facilities, constant supply of electricity and   increasing the literacy level if all of the above factors are addressed then poverty will be reduced as people will be engaged in one job or services online to make end met.

I think it's very difficult, because starting cryptocurrency requires money or capital, you can not start cryptocurrency without money. How do the poor want to start cryptocurrency without money?

maybe because I know a lot of people who are successful in the world of crypto and many people who changed their lives with the benefits obtained so from that I am a little sure if Cryptocurrency can change the lives of people who can not afford and I know cryptocurrency many open opportunities

I do believe crytocurrency reduce global poverty but not in instant change. Everyone of us can invest in crytocurrency as long we have money or capital to invest and have a knowledge in technology. We should not under estimate those people in a low profile that they cannot invest because once they properly educate and inform the benefits they recieve in crytocurrency they will definetely find a way to invest . In MLM,  mostly who join are in low profile,after they educate or present the compensation plan ,product and the compay some of them will sell their properties to have a money to invest. I heard  good outcomes after they invest in crytocurrency their life change from commoner to millionnare.

Cryptocurrency reducing global poverty is a very interesting topic. Looking at the trend now cryptocurrency can reduce the poverty rate in the world because people are buying the idea of cryptocurency and are engaging in its trading. The very governments in the various countries have to buy the crypto idea and accept it and i believe it wiil help the people

Yes, I think so. Many people around me have changed their life level. Many people receive the benefits from participating in the cryptocurrency. Crypto provides us the jobs such as bounty campaign and airdrop programs. Crypto also provides us the easy ways for trading and investing to gain more profits.

Crypto is a new market and it is opening its wings in so many categories. There are so many crypto projects which are contributing to the society. SUBAJ is contributing to the society for Better education and medical facility through its cryptocurrency project (http://subaj.com/#/).

Much as it sounds like a great obejctive I sadly cannot see any type of crypto currency having much affect on global poverty. Yes people can try and earn money through crypto but there are also barriers such as internet connection, computer equipment to work on, getting cleared with KYC for an exchange etc etc.

Greedy corporates and products that are designed to break after 14 months need to be changed before the wealth will trickle down the chain

I think it can if anyone invest his or her capital with proper calculation. I think sufficient knowledge is required to trade in crypto. And if any poor can achieve the knowledge, he can surely reduce his as well as global poverty.

In theory, yes, it's possible. There are several articles on the internet that explain how cryptocurrencies could help reduce poverty. For example, by reducing the costs of sending remittances to third world countries, applying blockchain technology to humanitarian aid programs or allowing those who can't have a bank account to access virtual money. Although many people only see cryptocurrencies from a speculative point of view, they are also a tool with the potential to transform the world.

I think it gets some potential in terms of being untouchable money, yet poor people cannot use it. There will be a time when all of the poor people will have their own computers at least (in some 30-40 years), because technology goes fast and those people can be benefited somehow.

There are many views on it, from a side - there are projects that are following the aim to take out poorness, but they never succeed. If you will ask why they are never being succeed, simple answer here - no one else will be benefited from it.

It is hard to say, because poverty is spreaded among non educated people mostly and poor human cannot actually earn from bitcoin due to boudaries that he has...

This may well be, because with the help of crypto currency we will be able to control the spending of money, which is often spent not in the target area, I think that you perfectly understand what I'm talking about.

I think it is not possible that cryptocurrency can do that. Especially if internet in the world will be free. All we need to do is to promote and educate the people who are living in underdeveloped countries.

I think it is possible to reduce global povert because of cryptocurrency. It leads us an opportunity to earn money.

In my opinion, if many people in a country have access to the internet and they have access to know about crypto I think it's could help them to grow even help them in poverty, but if internet access only they do not know how they can know about blockchain and the world of cryptocurrency.

They even have the potential to reduce global poverty by facilitating better access to capital and financial resources, and by enabling small ...

don't know about the Global Poverty, but be best part of crytocurrency is it's making everything trunsparent alot. this transparency will help us alot to got get cheated and it will help us to save our asccet in every single way. ::)

Sad to say but I agree. Only the guy who has a stable internet connection, some level of English language, and other things can belong to crypto and live off from it.

Inasmuch  as those parts have internet facilities, i believe they too can benefit from  blockchain and cryptocurrency. We do not benefit from blockchan in monetary terms alone. There are situations where blockchain can be used to store data, such as in medicine and that can be used tpo foster easier treatment of diseases.

Of course crypto will help anyone, rich or poor, from a developing country or even a poor country, because anyone can be a crypto mania, let alone someone who has computer skills. Because the crypto world is still very open to anyone, but somehow until then but we have to think logically, because I think crypto currency will soon dominate the global economy.

No, it is impossible because you try solve economic problems with financial instruments. To solve similar problems we have to use macro and micro economic instruments. I mean that bitcoin will not build new houses and good roads because bitcoin is a financial asset and crypto technologies are just technologies which are more applied in financial sphere.
Crypto technologies are a new instrument which may be applied in economics but not more.

Not all countries in the world have accepted cryptocurrencies. Some also do not know much about it. Cryptocurrency can reduce poverty in some countries but not globally. Perhaps as technology and digitalization increases in few years, it can then deal with global poverty.

I think it is possible to reduce poverty by introducing blockchain in their system and cryptocurrency can also play big role eliminating poverty.

Although the causes of terrible poverty are diverse and complex, the modern push for centralization in each sector has contributed to the concentration of power and wealth in certain elites.
The blockchain innovations in the field of digital identity, "smart" contracts and the possibility of lending without intermediaries with very little overhead are potentially capable of making an incredible financial revolution in the world's poorest countries.

I believe it can, bacause of the affect of bitcoin :) Bitcoin can earn every prson who has an access to internet and english language knowing, so

Cryptocurrency is really a benificial to a third world country because people are having the opportunity to earn money in crypto by joining bounty campaigns , most of the people needs to have extra income since their salary did not meet the standard economically , so they need to have extra income .

Most definitely. Cryptocurrency has been my source of income in recent years. So, I'm really grateful for its existence. It has definitely reduced poverty, only if one knows how to utilize it wisely.

which I know is likely to reduce global poverty and so I am sure many people can invest in cryptocurrency to benefit because many people who say cryptocurrency can improve your life and finances because in cryptocurrency many promising and good potential altcoin

In theory, poverty can be eliminated. The key is to look at personal capabilities. In fact, this is a technological revolution after all. This is a global project. But not everyone can make money. I think that profit may be only a small part.

I think does not change the problem of poverty, because encryption essentially just money market has changed the traditional way of capital allocation, to achieve the secondary distribution of wealth, but money does not increase.

 Global poverty comes the accumulation for  weak national economies, since the bitcoin d  other cryptos are used in making a unified global economy commanded by the demand and supply that would really help the global economies increase in value-destroying global poverty

in my opinion, crypto currency cannot reduce global poverty in the countries that are left behind. Crypto investment is carried out by individuals, not by the state. So, how do you reduce poverty with this crypto currency?

This could have been and are very likely to occur. but to get to that stage sure need enough good support too from the various parties. Crypto was something big and have the power to fix the crisis in all kinds of fields. but many have doubted this so will certainly still be underestimated and not nothing.

Cryptocurrency is reducing the world poverty already, employment opportunities has come off crypto for  a number of people, there are those who entirely depend on crypto related activities for their day to survival which has led to self sustainability,or life improvement

Eradication of poverty is beyond technology evolution. To reduce the poverty suffered around the globe governments need to take initiative to educate the people. To me bitcoin is a way to provide an solution for the growing population, but poverty cannot be reduced by this. For this only education can make people get rid of poverty.

I think that cryptocurrencies can help more underdeveloped countries and bring hope to people in poor areas. Get some compensation by mining bitcoin or publicity. Its technology can be applied to all aspects in the future.

Some project aim to help people in poverty by using the Blockchain. So I believe it can help global poverty to remove but it will take so much time since poverty in every country are different. Some dont have a water, electricity and etc. The main things they needed are education then crypto blockchain can be introduce to help them.

Cryptocurrency is a great help for people who wanted to earn more income. In developing countries wherein the salary is not that attractive, many of them are considering working overseas in developed countries wherein the salary is higher so they are sacrificing their time with their family to have higher source of income and some people see cryptocurrency as a way to get higher income so they don't leave their family anymore.

As for reducing poverty, the root cause of poverty is not just a simple lack of income but there is a macro cause like economic uncertainties and graft and corruption. It is the greediness of people who are in power that the rich are getting richer and poor are getting poorer. Cryptocurrency can at least help those people who are struggling financially to augment their income and maybe go above poverty line.

I think if cryptocurrency increased and recognized more and more in all over countries, it will increase more global poverty initially as other currencies fail.

Perhaps blockchain and crypto currency in general and can help states, but whether people will live in poverty basically determine states and their policies!

Yes right, the problem of poverty is very much dependent on state policy, in many countries poverty is a commodity that continues to be maintained for various purposes, and this is what makes poverty will eternal.

if I think personally. I live in a developing country based on my experience of blockchain and cryptocurrency for developing countries and the people that are very helpful in keeping work in developing countries very difficult. Blockchain and cryptocurrency are very instrumental in changing the economies of developing countries

What? You are very off the topic mate. Can't you read what is being asked?

Digital money isn't the answer for end decrease worldwide neediness, the best approach to diminish worldwide destitution would be for individuals to be less covetous with the manner in which that they handle riches. The purpose behind neediness is that the riches isn't uniformly appropriated and as should be obvious even in cryptos, there will dependably be individuals who have more than others do and still endeavor to get more from it, in cryptos we call these individuals whales.

I think it can reduce global poverty by the way of cutting coruption of government in society and it forces people to become more independent in their life.

cryptocurrency can give to the poor become more accessible, that is, a market which is not too traditional methods, like any other product, the cryptocurrency looking for his investor, and if many processes are very expensive and the poor cannot buy, the cryptocurrency makes all products cheaper, which is becoming more available, nor never will be able to help the poor, the poor must want to help themselves, there are plenty of bright examples of what man is capable of, which is a huge motivation!

There is a relationship between wealth creation and blockchain through cryptocurrency. Job creation is a veritable instrument for reducing poverty. Blockchain through cryptocurrency is doing just that. The good thing is that it is open to everyone irrespective of where you live.

The blockchain technology through the bounty campaign has opened up opportunities to all people around the world to be productive and earn something. This job is readily available 24 hours of the day. It goes a long way to provide the needed jobs which some governments in some places cannot provide. In this way, Blockchain and cryptocurrency have helped to reduce poverty.

I think cryptocurrencies will exacerbate the wealth gap in poor areas. ???
Since education levels in these regions are not good enough, the cryptocurrency market may be just a chance for them to gamble.

Blockchain can help some traditional industries to work more conveniently and quickly, but the blockchain has a fatal flaw, that is, it lives on the Internet, and there are a lot of hackers on the Internet!

Of course it can help, in the lagging regions there is no access to financial instruments and markets.Will help to establish communication between regions and countries.

For global scale it's still difficult to reduce povety, because it is one of social aspects that can't be stopped by the government, let alone crypto, and maybe a very small amount can, but it takes a long time

Yes, blockchain and cryptocurrency has very good potentials to benefit people who are living in underdeveloped or developing countries and even take care of their financial needs because there are lots of development in crypto and it can also provide jobs because if you join bounty,you promote the project and get free token then you can re-invest this token and when the coin has appreciated, then you can sell and make reasonable profit.

I think that cryptocurrencies will influence everything in the world. In my opinion, cryptocurrencies will improve the existing financial system and thereby reduce poverty.

In general, I think that this is possible, but there are so many factors that contribute to global poverty today and unfortunately blockchain will not be able to solve it. Here you need the desire of people who would like this.

Obviously crypto will encourage anybody, rich or poor, from a creating nation or even a poor nation, since anybody can be a crypto madness, not to mention somebody who has PC abilities. Since the crypto world is still exceptionally open to anybody, however some way or another until the point when at that point yet we need to think sensibly, on the grounds that I think digital money will before long command the worldwide economy.

I think yes. Cryptocurrency can reduce Global Poverty even in only minimum percantage, but atleast it able to reduce global poverty since many unemployed personnel are in job seekers online, and enters cryptocurrency to be able to earn even minimum amount but atleast it may help them.

In my opinion, if we are talking about a situation where a person does not even have enough money to fulfill his daily needs than how he will invest money in Crypto. But if he gets proper education and resources and learns to earn through bounty campaigns as no investment is required for this than slowly he will start making money and will start investing in crypto also, That way crypto can help reducing poverty.

If I have learned over the years that the Cryptocurrency were able to reduce poverty. And this is very helpful because it was capable of changing the economics of people for the better. And many people who are currently interested in joining in the crypto. And this becomes a very nice because it could create a crypto continues to grow.

not that easy, crypto is an update of technology development, its utilization is still very limited at this time. if we talk about the future, there will be possibilities for that to happen, but nothing can provide a guarantee to eradicate global poverty.

I am sure it will reduce the poverty as it is decentralized and every one is his/her own Boss.

I think it can reduce poverty in all country because people will have a new source of income to make money. but to do this, they need a good internet connection which can help them to earn the coins. and if they can earn more coins, then they can sell the coin to make a profit which means they can make money in their life. and once they can do this, I am sure that they will invite other people around them to join and use the chance to make money too. and if many people can do the same things, then they can get the income from cryptocurrency and they can get a better life.

Oh, probably it is possible because there will be no deflation anymore. So if people save their money, they will not loose them again and also no one can steal them!

I do not think Blockchain is reliable and affordable

i think no. you see i read some post here complaining that there are more participants joining in bounty and reducing the reward. based on this they don't want to share it. you know someone always wants to earn more than the others. fiat and crypto are alike and there are always people that want to take advantage of it. rich becomes richer and poor becomes poorer that is the situation of our world today.

I think if we know how to earn from crypto currency, then no doubt in it that everyone could earn from it. I am fully agree on it that crypto currency has a power to reduce our global poverty. But every person is not educated with crypto currency, it is the only one reason of my mind.

I think it is possible because many in my country live in the lives below me but with crypocurrency he can open an entrepreneurship in another business.
I remember my friend who graduated from junior high school but already had a house 3, car 1 and had a Bitcoin of around 16.5 in the Binance wallet.

If in these countries there is a possibility for the population to get access to the Internet and there are means for what, then most likely it is to benefit the poor society, otherwise it is unlikely that the crypto currency will change!

Cryptocurrency will benefit many people who deal with it. And those who live in underdeveloped or underdeveloped countries are unlikely. In many countries there is not even an Internet and most people do not know about the cryptocurrency.

Can undeveloped and developing countries even get access to the services that can provide cryptocurrencies to them? I doubt it.

This can happen because some people in the article I read and the members here are financially supported, and even the electronic money makes people too poor to lose money from the transaction. and gambling, that's why many people think that electronic money is like a double-edged sword.

Crypto currency is our future, but that's what concerns world government, you understand that they are setting today the prices for crypto-currencies, because today they have the most part of crypto currency in their wallets.

I think that with cryptocurrencies we will be able to manage our funds without any restrictions for the first time in the history. Everyone has same options in crypto, which is awesome!

Yes it is possible to do so and might be cryptocurrency will solved poverty in the particular countries but the most important is the government also should be welcome and open their mind for cryptocurrency because very difficult to cryptocurrency growing in poor countries without government help

With cryptocurrency,  especially micro loans and funding in rural areas can be much easier. So in my opinion yes, cryptocurrency can reduce global poverty and help people to easily reach the money they need.

Yes of course blockchain can help poverty but we also have to accept the fact that only those people who take part in the revolution will  have the fortune be changed through it. That is why we need to educate people who knows nothing about blockchain technology most especially in some slow developing countries like where I am living. Having financial freedom with cryptocurrency might be possible anytime soon depending on our effort, motivation and hardwork.

poverty reduction depends on economic policies of each country. Technology blockchain will make more transparent information and monetary management. This is a good tool for managing monetary policy, but it's hard to poverty reduction asserted

Maybe it can reduce for some point, but not all can save from being poor because some people who is less fortunate do not have gadgets or cellphone to join cryptocurrency.

Sure, it is reducing already.. Hydro gave out coin in airdrop and that coin went up to $4000 dollars for some guys that didn't sell.. That is huge money..  Different coin has been pumped by wailers and people has raked on so much money . I think is changing peoples financial status and eliminating poverty

I think with people using crypto, they have more chance to earn big money and even poor people can do the same thing. Its one way of earning and its also the way to escape from poverty. If we only use this properly, many people can experienced the good that crypto can bring.

I dont think so, its just being use as a tool to make money off naive investors, thinking it would change the world. 99% of crypto is garbage, well orchestrated scam.

Cryptocurrencies are already being implemented in third world countries to assist them as the world transitions to an online based society. Cryptos will aid impoverished countries by offering them an opportunity to build up an asset that isn't controlled by governments or elitists. They are more commonly being used by the average person to trade and make purchases. Cryptocurrenciees are allowing individuals from anywhere in the world to make transaction with out the fee or oversight of third parties. It is offering the less fortunate a chance to start over and develop a world where they are in control of their own finances as well as their lives.

of course the altcoin can be a solution for the country. Many of the hardest countries have also known crypto because for them this will be a solution for solving their financial problems as long as they can exchange crypto into their state money. Why doesn't the cryptocurrency become the future currency

I think so. Many people lives are changing after getting in crypto. Crypto leads some people to work online in crypto and get the rewards. The rewards itself sometimes will be more than enough for the people and its live necessity. I myself believe it because some people, around me really have better life after joining crypto.

Maybe it can help, as long as they don't shut down on technological advances in economic conditions like cryptocurrency. Where I live there are still many people who don't understand blockchain technology even they don't know cryptocurrency, but if we look at the risks involved in cryptocurrency I feel doubt that crypto or bitcoin can do that.

I think it's possible if people are allowed to find new sources income by their governments so they can start to find something from the cryptocurrency. by investing their money in cryptocurrency, this can be a new solution for their citizen to reduce the poverty in every country so the people can get a better life in the future. we can do many things from the cryptocurrency and we can make money from the crypto especially if we can learn more how to earn more money from the crypto.

I don't think cryptocurrency will be able to reduce global poverty in developing countries. Crypto simply provides additional financial tools for storage and transfer of material assets. Some people will be able to earn some coins by participating in bounty and airdrop companies, but it is negligible income and it will not be able to provide serious assistance in fight against global poverty. Only thing that can help is - Joint Work of People aimed at improving their well-being.

I think cryptocurrency can reduce Global Poverty only in one case: if owners of the currency will donate benefits they got from it to the poor countries.

Proverty is spread in broadly in all over world, mainy developing country. It is very difficult task to control up but crypto is support very efforts to provide employment. It is s a good news specially for developing country, therefore, these countries should support crypto and knowledge about the value of crypto.

I think that it can, because I myself have felt that I am experiencing an economic improvement, I live in one developing country but I and some of my friends have experienced tremendous economic improvement, and I think what I feel is also felt by other people outside the country who use crypto
I am very grateful for crypto because I have increased my economy and many people in the world

The crypto currency already gives many opportunities for earning. If all projects will reward users for loyalty, then global poverty will wane less. After all, even simple walks along the street can be connected with the blockchain.

Global poverty is beyond the technology, to eradicate poverty the only possibility is through educating each and every people. To attain this, the blockchain technology might support it. Also very few governments around the world is much concern over the issues that arise due to poverty, while majority of the governments try to hide the poverty in the nation.

Well its up to if the cryptocurrency has that amount of potential
Global poverty is a huge issue around the world

Even with a decentralized and a transparent system, that is still hard to fix issue like Global poverty
Although we can make a decentralized and fair pool fund to help but it takes time

it's hard to predict this. By growth or recession in one country, it depends on the management and administration of the state. Electronic money or technology are only supported blockchain and make more transparent the economy. Certainly electronic money is the direction of the future, an international currency

This may be very difficult because global poverty is the responsibility of each country. And everyone is also not necessarily be with Cryptocurrency technology. This technology was developed by those who are familiar with this technology. So many smart people who enter the crypto and do his work in the crypto world.

I think this will be the hardest thing to do. However, I agree that cryptocurrency can provide income, but the problem is that everyone cannot use cryptocurrency as a place to get money because they have limited knowledge in technology issues. Usually people who don't have a good economy will find it difficult to learn about technology, so I will make cryptocurrency very difficult to reduce poverty in the world.

I think it's possible, but it depends on the country too, this can help many people, especially in less developed areas. I personally live poor and now become better since I joined Crypto.

In my own view, blockchain and cryptocurrency can have a role to play in the fight against poverty but it does not mean that this is the ONE that will end global poverty. Blockchain can bring in more transparency and maybe more participation from the government and the people. However, in all cases we have to remember that it is not just the system we are talking here but also the fact that human nature is always there and that can be the weak link that can jeopardize everything. The fight on poverty is not a simple thing as it should be the fight of everybody together with all the sectors of the society and the government. This is not an easy task as there are so many variables involved.

Cryptocurrency didnt provide income to anyone, it's a currency, it's not a company or anything, if there's someone making a job for people then it's the community that make that idea to real life. I see so many people are talking like cryptocurrency is a job but NO
satoshi himself said that cryptocurrency is basically a money with digital advantage. people just get everything wrong in this matter.

This topic is interesting! I know some cryptocurrency project has the idea to reduce the poverty, but I think they need a long time to do it. It is not realistic. I dont think cryptocurrency can do anything for poor people.

Yes, in some country, this development is the chance for rich people enrich and increase their wealthy. I cant say for sure but some people in government join this exchange and take the benefit so much

I think crypto currency reduce the global poverty, if the market have stabilitythat is not possible. whenever blockchain can download it.but it will be possible when people are educated.

As good as cryptocurrencies sound when it comes to the financial sector of economies it is not magic and it cannot end global poverty as long as there are greedy people in the world, there will always be global poverty. Cryptos just help to bridge the gap when it comes to how easy it is for people to access the currencies that they need but there will always be people who hoard the money for themselves and leaving others without.

Possible. If every ICO or project has the purpose of helping the poor, I believe that many will be given the opportunity to develop oneself. Some great things started small. If anyone has to initiate, I believe that others will follow. Atleast cryptocurrency is part of the of significance and innovation.  Life has a purpose.  This is possible if each one works together. The whole world should support things of good purpose and not for personal interests only. This can be of great help to global poverty.

If every blessing that we receive has the purpose of helping the poor, I believe that the poverty will be reduced.  Anyone should have the heart of helping the world to become a better place to live.
 

Well, I see the things that are being done through the effect of cryptocurrencies, and with the right thoughts and efforts, a project can be developed for the sole purpose of this, and global poverty can actually be reduced. I think that with cryptocurrency, there are a lot that can be achieved if we walk and work towards it.

I think if every people can join in the cryptocurrency and they can get many coins in their wallet or in the exchanges and they can learn more about cryptocurrency, it will give them the opportunity to make their life better because they will have a chance to make money. and if they can earn money from the cryptocurrency, I think soon, people can reduce the poverty in one city and if it can apply in all country, then I think it will reduce the global poverty as they can earn more money from the cryptocurrency.

You know that cryptocurrency has a function not only for currency right? cryptocurrency also has other functions as an investment or even a barn of money and profits, there are possible benefits that can be obtained and from there you can use it to improve your finances and reduce poverty

Yes ofcourse crytocurrency can reduce global poverty.. they allows all people to participate into this kind of bussiness.. anyone can join here in cryto world.. anyone can join bounty campainges anyone can do trading also mining..

Based on what is happening now I think yes. Cryptocurrency helps a lot for those people who want to do business but short in terms of capital. Due to this bounty campaigns people can start earning by using their time and effort only. Then convert it to cash or to invest in trading and buying coins. So if people just have enough knowledge about this process it helps their financial situation.

I think not because of all those who join this crypto on average those with lots of money. So they are interested in investing in crypto. A lot of people who don't have the capital certainly will run into trouble. And we have to start from the bottom. And many of the countries that until now have not been able to overcome poverty.

Hello mate! Not a significant change for a short period of time maybe, but it really can for a long term vision. Blockchain or cryptocurrency has been playing a big role in huge online businesses and services that helps many people aroud the globe. Making their lives more efficient and easy. And i hope crypto reach more people in the future. Cheers!

Cryptocurrency is helping to reduce poverty in my country especially in the life of youth who have finished their education but they are yet to get job.  Even crypto will not reduce the level of poverty globally, it will with assurance reduce that of any place where people value it and see as poverty alleviate.

you know, I do not think that large investors in the blockchain are very interested in the development of countries or the economy. I think they're more interested in their personal enrichment. of course I'm not saying that all, but most. I am sure.

It is true that Bitcoin makes everyone equal in humanity.
In my village there was also an ordinary boy, then in 2013 he was HODL Bitcoin around 10 and now his life has prospered.

I think cryptocurrency won't help such countries, this is the task not for a cryptocurrency and for a blockchain but for governments of such countries. Developed countries are also not interested in the development of poor countries because these countries supply cheap labor. If it was necessary to solve the problems of poor countries, these problems already would have been solved, do not build illusions