We know that Blockchain is making big waves among wealthy investors, But Do you think blockchain and cryptocurrency have the potential to benefit the people who are living in underdeveloped or developing countries and are in desperate need of secure, reliable, and affordable financial services ?
Yes of course blockchain can help poverty but we also have to accept the fact that only those people who take part in the revolution will have the fortune be changed through it. That is why we need to educate people who knows nothing about blockchain technology most especially in some slow developing countries like where I am living. Having financial freedom with cryptocurrency might be possible anytime soon depending on our effort, motivation and hardwork. 
Topic: Can crytocurrency reduce Global Poverty ? - page 3. (Read 802 times)
With cryptocurrency, especially micro loans and funding in rural areas can be much easier. So in my opinion yes, cryptocurrency can reduce global poverty and help people to easily reach the money they need.
Yes it is possible to do so and might be cryptocurrency will solved poverty in the particular countries but the most important is the government also should be welcome and open their mind for cryptocurrency because very difficult to cryptocurrency growing in poor countries without government help
I think that with cryptocurrencies we will be able to manage our funds without any restrictions for the first time in the history. Everyone has same options in crypto, which is awesome!
Crypto currency is our future, but that's what concerns world government, you understand that they are setting today the prices for crypto-currencies, because today they have the most part of crypto currency in their wallets.
This can happen because some people in the article I read and the members here are financially supported, and even the electronic money makes people too poor to lose money from the transaction. and gambling, that's why many people think that electronic money is like a double-edged sword.
Can undeveloped and developing countries even get access to the services that can provide cryptocurrencies to them? I doubt it.
Cryptocurrency will benefit many people who deal with it. And those who live in underdeveloped or underdeveloped countries are unlikely. In many countries there is not even an Internet and most people do not know about the cryptocurrency.
If in these countries there is a possibility for the population to get access to the Internet and there are means for what, then most likely it is to benefit the poor society, otherwise it is unlikely that the crypto currency will change!
I think it is possible because many in my country live in the lives below me but with crypocurrency he can open an entrepreneurship in another business.
I remember my friend who graduated from junior high school but already had a house 3, car 1 and had a Bitcoin of around 16.5 in the Binance wallet.
I remember my friend who graduated from junior high school but already had a house 3, car 1 and had a Bitcoin of around 16.5 in the Binance wallet.
We know that Blockchain is making big waves among wealthy investors, But Do you think blockchain and cryptocurrency have the potential to benefit the people who are living in underdeveloped or developing countries and are in desperate need of secure, reliable, and affordable financial services ?
I think if we know how to earn from crypto currency, then no doubt in it that everyone could earn from it. I am fully agree on it that crypto currency has a power to reduce our global poverty. But every person is not educated with crypto currency, it is the only one reason of my mind.
i think no. you see i read some post here complaining that there are more participants joining in bounty and reducing the reward. based on this they don't want to share it. you know someone always wants to earn more than the others. fiat and crypto are alike and there are always people that want to take advantage of it. rich becomes richer and poor becomes poorer that is the situation of our world today.
I do not think Blockchain is reliable and affordable
Oh, probably it is possible because there will be no deflation anymore. So if people save their money, they will not loose them again and also no one can steal them!
I think it can reduce poverty in all country because people will have a new source of income to make money. but to do this, they need a good internet connection which can help them to earn the coins. and if they can earn more coins, then they can sell the coin to make a profit which means they can make money in their life. and once they can do this, I am sure that they will invite other people around them to join and use the chance to make money too. and if many people can do the same things, then they can get the income from cryptocurrency and they can get a better life.
I am sure it will reduce the poverty as it is decentralized and every one is his/her own Boss.
not that easy, crypto is an update of technology development, its utilization is still very limited at this time. if we talk about the future, there will be possibilities for that to happen, but nothing can provide a guarantee to eradicate global poverty.
If I have learned over the years that the Cryptocurrency were able to reduce poverty. And this is very helpful because it was capable of changing the economics of people for the better. And many people who are currently interested in joining in the crypto. And this becomes a very nice because it could create a crypto continues to grow.
In my opinion, if we are talking about a situation where a person does not even have enough money to fulfill his daily needs than how he will invest money in Crypto. But if he gets proper education and resources and learns to earn through bounty campaigns as no investment is required for this than slowly he will start making money and will start investing in crypto also, That way crypto can help reducing poverty.
I think yes. Cryptocurrency can reduce Global Poverty even in only minimum percantage, but atleast it able to reduce global poverty since many unemployed personnel are in job seekers online, and enters cryptocurrency to be able to earn even minimum amount but atleast it may help them.
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