Post
Topic
Board Bitcoin Discussion
Re: Bitcoin as an opportunity for the unbanked.
by
Lida93
on 08/07/2023, 17:49:47 UTC
In the world today, many people prefer to keep their money in their house save because of the perceived fraud by our traditional banking system that has decided to rip the populace off their hard-earned money without remorse, through different unexplainable charges, this has changed the mindset of the un-banked because of the complaints coming from the individuals involved in that process, this individual, both the ones that are already banked and the unbanked are looking for alternative other alternative means that they will use to safeguard their wealth.
The traditional fiat banking system is so discouraging now with the procedural policies involved in depositing and in withdrawal of your own money. As an alternative it's worthy of note to say bitcoin arrived at the right time to salvage people from the restrictions and challenges they face using the traditional banking system. For years now, the Lebanon banking system is being bedeviled with systemic failure and this has led to many customers/citizens unable to have access to their funds since 2019, a situation that has created an untold hardship on the people and discouraged any form of trust on the country's banking system as controlled by the government. https://www.google.com/url?sa=t&source=web&rct=j&opi=89978449&url=https://en.m.wikipedia.org/wiki/Lebanese_liquidity_crisis%23:~:text%3DThe%2520Lebanese%2520liquidity%2520crisis%2520is,the%2520Russian%2520invasion%2520of%2520Ukraine.&ved=2ahUKEwjNzM-k0___AhVSVsAKHTmvBwYQFnoECAMQBQ&usg=AOvVaw2tNy6opS67LgVy6R3VGSGU