The crypto economy is leading to the development of alternative financial and technological infrastructures that are global, open source, and available to everyone who has access to the Internet. With the increasing popularity of open source technology development based on the Internet community, and increasing investment in cryptocurrencies, public blockchain networks and protocols, grassroots efforts to establish a technological infrastructure that replaces the open and inclusive financial system may have taken over. Blockchain technology and the cryptocurrency that uses it are creating an open and democratic financial system.
Cryptocurrency can definitely help in financial inclusion but its main bottleneck is the requirement of internet and the requirement of technical knowledge in order to use cryptocurrencies effectively. There are several projects available which can be scaled up to meet the need of the increasing global demand, but unfortunately, the idea of cryptocurrency is still alien science to many.
Also, to transact using cryptocurrency, we need internet connection. We still have many places where internet availability is a distant dream. It may not be possible for cryptocurrencies to help in such situations. So the financial inclusion using cryptocurrency is easier said than done!
