Bitcoin can help end poverty in the sense that, "an ideal digital bank of the future would not only offer payments through fiat and cryptocurrencies, but also have fully integrated marketplaces for various value chain players enabled by a multitude of mobile and artificial intelligence/machine learning (AI/ML) technologies, while offering a range of cross-platform service offerings to its consumers globally. ⁽¹⁾” In other words, a blockchain based bank built for everyone, not just for people in developing countries.⁽²⁾

Notes:
(1) http://www.livemint.com/Opinion/2cmcBNpUzl3UM1hHjUx4yL/Digital-bank-of-the-future.html
(2) https://medium.com/@BABB/chapter-two-beyond-financial-inclusion-41497d5ed73

“An ideal digital bank of the future would not only offer payments through fiat and crypto currencies, but also have fully integrated marketplaces for various value chain players enabled by a multitude of mobile and artificial intelligence/machine learning (AI/ML) technologies, while offering a range of cross-platform service offerings to its consumers globally.”

http://www.livemint.com/Opinion/2cmcBNpUzl3UM1hHjUx4yL/Digital-bank-of-the-future.html

Lawyer Jacek Czarnecki explains why his profession should play a critical role in the growth and maturation of the ICO market.

https://www.coindesk.com/legitimize-ico-market-crypto-lawyers-take-note/

For banking to be financially inclusive, fair and globally connected a decentralised model certainly makes sense.

Rushd Averroes, the founder of blockchain based bank BABB has some interesting thoughts about the so-called ‘disruptive’ role of challenger banks in the UK:

“During my search, I found almost no evidence of companies building full-stack solutions independent of legacy systems.

"So-called challenger banks in the UK build into legacy payment systems and end up simply re-creating a banking business model.

"The only difference is a nifty smartphone app with a beautiful user interface.

"Those things are nice to have, of course, but I had clarified my thinking enough by that point to know that I had ambitions beyond plastering a pretty new facade onto crumbling old infrastructure.”

Read more about his vision here:

https://medium.com/@BABB/chapter-two-beyond-financial-inclusion-41497d5ed73

You might be interested in what BABB is proposing in terms of reducing economic inclusion? It's a story of why we no longer need to rely on banks, and how BABB is going to make it happen, from its founder Rushd Averroes.

Pardon the pun, but "Bitcoinization" sounds like a new phrase for the cryptocurrency has been coined!

Interesting developments...which of the central banks is going to be next I wonder in drafting new cryptocurrency rules, and also with the announcement that South Korea is banning ICOs?

• Initial coin offerings (ICOs) will become a major way for startups to raise funds in the future, according to a Japanese billionaire investor
  
• Taizo Son, founder and CEO at venture capital firm Mistletoe, said digital token sales democratize the fundraising process for start-ups
  
• He said that consumer-facing businesses would likely have an easier time doing an ICO
  

ICOs are "very good because they democratize venture financing for not only professionals like venture capitalists, but also individuals can participate in exciting projects from start-ups to support," Son said.

For the full article see:
https://www.c[Suspicious link removed]m/2017/09/20/ico-cryptocurrency-will-become-major-funding-source-billionaire-taizo-son-says.html