One possible advantage of this decentralized strategy is the capacity to relieve poverty, particularly in developing nations where access to traditional financial services may be limited. By facilitating peer-to-peer transactions, cryptocurrencies can enable individuals to engage in economic activity and exchange value without depending on centrally managed entities.

However, it is critical to note that cryptocurrencies alone are not a solution to poverty. While they can provide a means of trade, they do not address the underlying economic and social conditions that contribute to poverty. Furthermore, the volatility of cryptocurrencies might pose dangers to investors and restrict their value in some circumstances.