Can crytocurrency reduce Global Poverty ?

[asder250]

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!

[bering]

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

[rjp55]

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.

[0t3p0t]

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 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.

[Bridgetnana]

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

[kyra0018]

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.

[scholars]

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

[florinda0602]

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!

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.

[biogesic]

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.

[HyperionXtech]

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.

[betece777]

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

[carrigan]

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.

[nasipadang]

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 ?

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.

[ipanks]

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.

[valter_dego]

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 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.

[btcoin]

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.

[rinkujaglan]

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.

[maldini]

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

[leetcoiner]

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.

[Ayiranorea]

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.