Post
Topic
Board Altcoin Discussion
Re: Can crytocurrency reduce Global Poverty ?
by
valter_dego
on 30/08/2018, 04:21:51 UTC
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.