what are the social and economic impacts cryptocurrencies have ?
and how will this affect third world and poor countries because of their limited access to internet and modern technology?
Crypto currency has both positive and negative effect on the economy of a country particularly the underdeveloped nation of the world. Crypto currency is an avenue for income generation for the populace of both developed and developing countries which will invirably increase their purchasing power and economic activities thereby leading to economic development in the long run. But the effect of crypto currency on the economy is that it encourages money laundry particularly from underdeveloped nations to developed countries and that has economic disadvantage on the underdeveloped countries.