Post
Topic
Board Nigeria (Naija)
Re: How cryptocurrency is changing the global economy.
by
Joeboy
on 01/07/2025, 17:22:14 UTC
ENCOURAGING FINANCIAL INCLUSION: as we all know many people worldwide have been excluded from traditional financial systems for years now, which reasons for this exclusion maybe as a result of living in a remote areas or where Banks are uncommon. Cryptocurrency render a method for this individuals to enter the global economy.
Well cryptocurrency has the potential to encourage financial inclusion, coz with just your smartphone and internet access, someone even in a remote village can receive and send money globally, something that may be quite impossible with the traditional banking system.

However, there is a challenge here which is access to technology. We are all knowledgeable of the fact that there are a lot of individuals in the rural areas, low income communities etc, who still struggle with Internet access, digital literacy and the most popular of them all which is electricity( Nepa Light). And without this basic amenities it is quite difficult to fully utilize the true power of cryptocurrency.

So for Cryptocurrency to really fulfil the promise of a financial inclusion, we need better infrastructure, education mostly in the rural area, as well as a user-friendly application that  is easily accessible even for the uneducated.