Post
Topic
Board Altcoin Discussion
Re: How cryptocurrencies could allow financial inclusion ?
by
bitbollo
on 01/11/2020, 14:24:56 UTC
I was discussing with some friends about how cryptocurrencies could change the human relationship in the next centuries. We were all agree that the banking system was increasing the gaps between poor and rich people. the richest hard becoming more rich and the poor more poor, specially in developing countries.
Some of them Think that we should need to adopt the anonymous currencies for the disruption, other think that we need more involvement of the government for mass adoption.

I will really appreciate to have your opinion.

Not all people can't access to classic financial system. If you take a third world country it's surprising to see how people are struggling from access into classic bank system.
There are a lot of reason behind that but mostly depends from a general lack of freedom or late innovation.
Generally speaking, a lot of workers are payed illegally for their job or in some form that doesn't allow a bank account. Or legislative limits since they should have some documents or legal allowance.
Crypto currencies allow people to gain a kind of financial freedom that was never seen in the history of human kind.