Quote from: Roseboy0202 on September 18, 2018, 08:23:17 AM

We have seen the great advantages cryptocurrency has brought the world. Payment and transaction gas become for easier, faster and more transparent. Cryptocurrency has also tackled the issues of personal information security with just a simple creation of proxy ID you identify is safe from theft and so many other advantages, cryptocurrency has literally improved life's and enhanced day to day transactions.
Well as we all know the under developed countries are struggling with numerous number of hindrances and obstacles. The standard of living in these place are really poor according to worldbank.org counties like AFGHANISTAN, BENIN, BOLIVIA, BURKINA FASO,BURUNDI,CAMEROON,CENTRAL, just to mention a few are up there in the poor countries list.
Countries like this are faced with a lot of challenges ranging from corruption, poverty, low standard of living and a general rise in the prices of service and goods resulting in a fall in the value of money.

Crypto roles in tackling most of the problem faced by developing countries

1. In terms of corruption in developing countries. Government in countries like this has so much made life hell for the citizens by mismanagement of funds, selfishly enriching them self with the nations money and still rigging election to gain power feel the the use of cryptocurrency that are established on smart protocol can put an end to this menace by being transparent and recorded on a blockchain enabling every citizen to view the way funds are spent and elections are carried out

2. Cryptocurrency can bring about earlier and faster way of sending and receiving transactions. Well some citizens of developing countries are in other countries trying to create a better life for them and there family at home and they have been faced with the problem of sending money home. Agencies like western union and money gram has high cost of fee and charges and most times are slow with cryptocurrency all this hindrances will not exit. And transaction made at a very fast pace their by improving standard of living
And so many other advantages cryptocurrency can bring to developing countries so I think we should spread the word and make the world a better place through cryptocurrency

I agree. Though there are existing disadvantages in Cryptocurrency.
One example is the risk of getting hack. The crypto industry must find solutions for that, maybe add some security features against malwares carried by hackers. Because of its provided financial privacy, cryptocurrency can obviously be use for different illegal activities such as for buying illegal items like drugs, illegal firearms
Human trafficking, child pornography, money laundering and even exclusive subscription of brutal and inhumane live video clips from the deep web paid from cryptocurrencies.

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