Let's discuss crypto today and how it could help poorer countries enormously.
We all know about crypto, how it is still very new and it is very advanced by technology, but also requires a technical infrastructure which is not available in all poor countries.
It is important to have expansion of infrastructure, and when it happens, crypto is also becoming more famous in more and more poor countries.
Because crypto is global and if the standard of living in New York is very high and an apartment there is very expensive, you can get little value from it despite many cryptos. The situation is quite different in poorer countries, where it is very easy to achieve a lot with little money and therefore It's a globally averaged standard where crypto helps poorer countries disproportionately. This is really good and therefore you should promote crypto.
It can help to address inequality and improve living standards in poor countries, being of benefit to everyone.
Let’s discuss today about Crypto and how it can extremely help poor nations.
We all know about crypto, how it is still very new and it is very advanced by technology, but also requires a technical infrastructure which is not available in all poor countries.
It is important to have expansion of infrastructure, and when it happens, crypto is also becoming more famous in more and more poor countries.
Because crypto is global and if the standard of living in New York is very high and an apartment there is very expensive, you can get little value from it despite many cryptos. The situation is quite different in poorer countries, where it is very easy to achieve a lot with little money and therefore It's a globally averaged standard where crypto helps poorer countries disproportionately. This is really good and therefore you should promote crypto.
It can help to address inequality and improve living standards in poor countries, being of benefit to everyone.
Let’s discuss today about Crypto and how it can extremely help poor nations.
It depends on what that country's government is doing with crypto,
Are they crypto friendly country, crypto cannot go into a country that is poor and start helping them, it depends on what that government is doing with crypto, Bitcoin.
Are the country creating job opportunity using, such as training some of its citizens in block chain technology, the trading and employing those trained to work for the sector, has the government implemented Bitcoin strategic reserve? So they can use the profit that would be generated from their investment into Bitcoin and and build factory and industries, health centers school, markets thereby creating more job opportunities and employing people to help reduce unemployment rate and further reduce poverty rate in that country.
Bitcoin cannot magically turn a poor country into a rich without some necessary actions.