Topic: Can crytocurrency reduce Global Poverty ? - page 4. (Read 823 times)
Obviously crypto will encourage anybody, rich or poor, from a creating nation or even a poor nation, since anybody can be a crypto madness, not to mention somebody who has PC abilities. Since the crypto world is still exceptionally open to anybody, however some way or another until the point when at that point yet we need to think sensibly, on the grounds that I think digital money will before long command the worldwide economy.
In general, I think that this is possible, but there are so many factors that contribute to global poverty today and unfortunately blockchain will not be able to solve it. Here you need the desire of people who would like this.
I think that cryptocurrencies will influence everything in the world. In my opinion, cryptocurrencies will improve the existing financial system and thereby reduce poverty.
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, blockchain and cryptocurrency has very good potentials to benefit people who are living in underdeveloped or developing countries and even take care of their financial needs because there are lots of development in crypto and it can also provide jobs because if you join bounty,you promote the project and get free token then you can re-invest this token and when the coin has appreciated, then you can sell and make reasonable profit. 
For global scale it's still difficult to reduce povety, because it is one of social aspects that can't be stopped by the government, let alone crypto, and maybe a very small amount can, but it takes a long time
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 ?
Of course it can help, in the lagging regions there is no access to financial instruments and markets.Will help to establish communication between regions and countries.
Blockchain can help some traditional industries to work more conveniently and quickly, but the blockchain has a fatal flaw, that is, it lives on the Internet, and there are a lot of hackers on the Internet!
I think cryptocurrencies will exacerbate the wealth gap in poor areas. 
Since education levels in these regions are not good enough, the cryptocurrency market may be just a chance for them to gamble.
Since education levels in these regions are not good enough, the cryptocurrency market may be just a chance for them to gamble.
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 ?
There is a relationship between wealth creation and blockchain through cryptocurrency. Job creation is a veritable instrument for reducing poverty. Blockchain through cryptocurrency is doing just that. The good thing is that it is open to everyone irrespective of where you live. The blockchain technology through the bounty campaign has opened up opportunities to all people around the world to be productive and earn something. This job is readily available 24 hours of the day. It goes a long way to provide the needed jobs which some governments in some places cannot provide. In this way, Blockchain and cryptocurrency have helped to reduce poverty.
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 ?
cryptocurrency can give to the poor become more accessible, that is, a market which is not too traditional methods, like any other product, the cryptocurrency looking for his investor, and if many processes are very expensive and the poor cannot buy, the cryptocurrency makes all products cheaper, which is becoming more available, nor never will be able to help the poor, the poor must want to help themselves, there are plenty of bright examples of what man is capable of, which is a huge motivation!
I think it can reduce global poverty by the way of cutting coruption of government in society and it forces people to become more independent in their life.
Digital money isn't the answer for end decrease worldwide neediness, the best approach to diminish worldwide destitution would be for individuals to be less covetous with the manner in which that they handle riches. The purpose behind neediness is that the riches isn't uniformly appropriated and as should be obvious even in cryptos, there will dependably be individuals who have more than others do and still endeavor to get more from it, in cryptos we call these individuals whales.
cryptocurrency is a great platform that is going and have made many investors who hold crypto for long term a success,holding a potential coin for a long term is the key in crypto.
What? You are very off the topic mate. Can't you read what is being asked?
if I think personally. I live in a developing country based on my experience of blockchain and cryptocurrency for developing countries and the people that are very helpful in keeping work in developing countries very difficult. Blockchain and cryptocurrency are very instrumental in changing the economies of developing countries
in my opinion, crypto currency cannot reduce global poverty in the countries that are left behind. Crypto investment is carried out by individuals, not by the state. So, how do you reduce poverty with this crypto currency?
Yes right, the problem of poverty is very much dependent on state policy, in many countries poverty is a commodity that continues to be maintained for various purposes, and this is what makes poverty will eternal.
Perhaps blockchain and crypto currency in general and can help states, but whether people will live in poverty basically determine states and their policies!
I think if cryptocurrency increased and recognized more and more in all over countries, it will increase more global poverty initially as other currencies fail.
I think that cryptocurrencies can help more underdeveloped countries and bring hope to people in poor areas. Get some compensation by mining bitcoin or publicity. Its technology can be applied to all aspects in the future.
Cryptocurrency is a great help for people who wanted to earn more income. In developing countries wherein the salary is not that attractive, many of them are considering working overseas in developed countries wherein the salary is higher so they are sacrificing their time with their family to have higher source of income and some people see cryptocurrency as a way to get higher income so they don't leave their family anymore.
As for reducing poverty, the root cause of poverty is not just a simple lack of income but there is a macro cause like economic uncertainties and graft and corruption. It is the greediness of people who are in power that the rich are getting richer and poor are getting poorer. Cryptocurrency can at least help those people who are struggling financially to augment their income and maybe go above poverty line.
Some project aim to help people in poverty by using the Blockchain. So I believe it can help global poverty to remove but it will take so much time since poverty in every country are different. Some dont have a water, electricity and etc. The main things they needed are education then crypto blockchain can be introduce to help them.
I think that cryptocurrencies can help more underdeveloped countries and bring hope to people in poor areas. Get some compensation by mining bitcoin or publicity. Its technology can be applied to all aspects in the future.
Jump to: