Can crytocurrency reduce Global Poverty ?

[edulord]

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 ?

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.

[BillieCrypt]

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

[trudovik]

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.

[jwelkem]

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.

[karagun125]

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.

[swati123]

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.

[sundul]

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.

[sadewa69]

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.

[shaheer001]

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

[ipanks]

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.

[ATSgrowth]

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!

[hoaihoang]

I do not think Blockchain is reliable and affordable

[kier010]

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.

[MFahad]

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 ?

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.

[kent47400]

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.

[argus312]

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!

[Benarand]

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.

[velona2589]

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

[supperperson86]

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.

[victory.lil]

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.