Can crytocurrency reduce Global Poverty ?

[Jazvebtc18]

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 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.

[hikki03]

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

[bapangkiran]

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.

[cocodanco]

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

[ronsalwey9874]

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.

[marginal]

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.

[Aniwura]

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.

[kemonojim]

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.

[dev9t9ok]

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.

[Esiduf222]

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.

[kayakcrypto9875]

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

[zero4five]

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.

[marginal]

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

[Fortified]

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 ?

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 .

[ayo_deji1]

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.

[Mr.Gun]

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 ?

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

[Cryptober13]

Cryptocurrencies definitely have a lot of potential. They can do many things for the betterment of society.
e.g., I came across the ICO of blockgrain.io
They already have a working product for agri industry and are leveraging blockchain to reach to the next stage. If this goes well, then they will help to reduce a lot of wastage in agriculture produce which will ultimately reduce food prices and will put more food in the market

[Simayi]

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.

[Crown1]

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.

[moshk555]

 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