Post
Topic
Board Altcoin Discussion
Re: Crypto Currencies - Solution for dying Economies
by
cryptogeek101
on 25/08/2018, 09:12:21 UTC
Countries of third world are being controlled by powerful economies. They are always at the risk of Financial recession. Many Countries have valuable natural reserves or potential to do progress.

country which has oil, gold minerals and tourist places but do not have enough funds to invest on these project. So to bring some investments a coin may be introduced for development in these fields and sharing profits with all coin holders. just like current system of issuing bonds by governments.



This is quite true for the third world countries where they are suffering from financial recession,the decentralized nature of cryptocurrency will help solve the pending funding issues of those countries. Through the blockchain ICO ecosystem startups can easily raise money to fund some projects that will enable the development of their economy.