Crypto can help poor nations a lot

[Bitco55]

Poor countries also have rich people. According to the vicious circle of poverty, poor countries are poor because they don't have money for savings and investments. They are already poor, so they work and get paid. Afterward, they spend, because their pay is small, and their needs are too much. They spend all their money on consumer goods, nothing to save, nothing to invest. It doesn't just apply to the citizens or individuals in the poor countries, it is mostly like that cause that's what the government themselves do. If they could just save a little, one step at a time, or even burrow, and of course not spend it on only consumer goods, they would have enough to invest. These investments would lead to jobs, productivity, an increase in the standard of living, development of their environment, and so on. It won't be that smooth though, but it's all about breaking their cycle.

Some of these investments can be crypto. Considering, how it is the best asset to hold in the 21st century. So yes, crypto can very much help poor countries, but first of all, they should focus on breaking their cycle of poverty.

[Crypt0Gore]

Right now its a pain that my leaders "Politicians" can't make use of this crypto to better the country, even if they know the ways and what to do, they will prefer to enrich themselves with crypto rather than helping people, I think the solution isn't crypto but the leaders themselves, if they don't have the best interest of the people in mind crypto will still be useless in such country.

[EarnOnVictor]

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It can help to address inequality and improve living standards in poor countries, being of benefit to everyone. 

Among the many things you've said, it's the address of inequality I accepted as crypto is not a respecter of countries and social status, we are the same as before it. But for it to improve the standard of living is not certain and neither is it automatic, it all depends on what you know about crypto, how you accept it and how you manage your way through it to safely make money and even maximize your earnings. Whether you like it or not, it's not all who are investing in cryptocurrency are making it, and as a fact, some are even losing due to poor handling or the high price they bought their asset(s).

I wonder what you will tell those who are poor and are still losing through crypto, how can that help? Crypto investment is an investment, not a super-investment like many of you think, and the earlier people know this, the better. As cryptocurrency gets older, it might become more difficult to profit significantly from it except for those smart investors. I mean those who know when to rightly invest and divest and reinvent later to earn more money.

If care is not taken, more would be lost than earned by most people and I don't see how that will improve the economy of a nation or the standard of living of the people. Had it been that crypto investment is as easy as you make it look, everyone would be rich by now.

[wallet4bitcoin]

The invention of blockchain technology is a much broader solution than its perceived solution in the eyes of the inventor: Satoshi Nakamoto.

So, we look at it as a form of currency, and its decentralized features create enablers but we don't see the part where it gets to be further expanded to become a source of job creation for borderless systems and a major means of livelihood.

People now get crypto-related jobs across continents without being known or being present in those locations and their identities are still pseudo-anonymous, only being made known by their portfolios and their wallet addresses or their usernames.

It is therefore pertinent to say that crypto has helped and is still helping a lot of people across the world, whether poor Nations or Nations in affluence.

[MinoRaiola]

I had already written a post here where you can see the difference in salary. There are very big differences and i also think that people can support each other worldwide. It is easy, you can send bitcoin anywhere in the world from now on. An IBAN transaction takes longer. Some people can benefit from countries that are doing well and they can give a little bit. Of course this is a dream, but it is possible in theory, how cool would it be if such a community develops and people help each other. One with bitcoin, the other with emotions of having helped a family, or to defeat a disease.