Topic: Can crytocurrency reduce Global Poverty ? - page 8. (Read 747 times)
Of course, there are those countries that have not yet reached the infrastructure that exists in large megacities and countries, and only crypto can help them to combat the current situation.
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, but not at the big scale you are expecting, do you know the number of Crypto millionaires we have now, Crypto has turned around alot of lives, the big issue is that the concept behind it is very abstract for uneduacted people and this is a very serious problem 
this can happen because some people from the article that I read and the member here is helped in financial terms, and even so cryptocurrency makes people so poor because of losing money from trading, investing and gambling, that's why many say that cryptocurrency is like a double-edged sword.
I am sure, firstly, cryptocurrencies can benefit people from disadvantaged countries. Developing countries are in great need of a stable, reliable currency. And the cryptocurrency can help in this. The experience of Venezuela with the cryptocurrency El Petro confirms what was said.
I don't think so. In my opinion, cryptocurrency won't be able to reduce Global Poverty. Only the proper attitude of the government will be able to do this. I am sure that it is possible if governments take more efforts
It definitely can, just think of it when people from slowly developing countries will earn that much in crypto.
They are part of the global poverty and by getting a decent way of living through crypto's they will reduce the percentage of global poverty index.
They are part of the global poverty and by getting a decent way of living through crypto's they will reduce the percentage of global poverty index.
Yes, crytocurrencies can reduce global poverty thanks to their decentrilized nature. Decentralization allows not one person, but many network users to make decisions and participate in the process of regulating this area. Thus, not one person or a group of people has power, but there are thousands and millions of people who are able to decide and take responsibility for their decisions.
Today technology and education has reached every part of the world, and i think that would be a major factor in favor of crypto reducing global poverty.
I don't think that's true. It seems to me that the poor have no money because they are lazy and do not want to develop
Of course, I'm sure that the digital economy is capable of minimizing the level of poverty. This can be evidenced by the participation of large multinational companies in the process of implementing blockchain technology in the money transfer system. For example, IBM announced a partnership with a network of international banks to use the blockchain platform, which will allow people to send money to other countries in the crypto currency. MasterCard also announced that it will open its block chain as an alternative method for cross-border payments, which may also be more effective.
Read more in this article: http://knowledge.wharton.upenn.edu/article/blockchain-technology-can-serve-nots/
Read more in this article: http://knowledge.wharton.upenn.edu/article/blockchain-technology-can-serve-nots/
I would say no.
Unfortunately, there are parts of blockchain tech that will empower those much more in undeveloped countries.
Currently, since it is mostly unregulated, it is a free for all market.
What we are starting to see more and more, is a vast amount of whales starting to dominate certain coins and having the power to manipulate the market.
They can have power over those who don't and use the market for their own ends.
IT is actually similar to the real world market.
In order to make money, you have to have money.
However, I don't see things as being totally hopeless.
There are many ways that blockchain tech can empower those impoverished.
Through airdrops and bounty programs, those who don't have that much financial means can get a heads up in crypto and through skill, knowledge, and luck can trade their way up to owning a very valuable portfolio.
Unfortunately, there are parts of blockchain tech that will empower those much more in undeveloped countries.
Currently, since it is mostly unregulated, it is a free for all market.
What we are starting to see more and more, is a vast amount of whales starting to dominate certain coins and having the power to manipulate the market.
They can have power over those who don't and use the market for their own ends.
IT is actually similar to the real world market.
In order to make money, you have to have money.
However, I don't see things as being totally hopeless.
There are many ways that blockchain tech can empower those impoverished.
Through airdrops and bounty programs, those who don't have that much financial means can get a heads up in crypto and through skill, knowledge, and luck can trade their way up to owning a very valuable portfolio.
I think it can really help out poor countries under heavy embargoes. Venezuela was given as first example and yeah its first of its kind. It may also help touristic countries to make money easier by discounts over crypto..
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 is a miracle. It has helped many people make more money and make many people poorer. I think Crypto is unreliable because so many hackers can steal coins easily. Taylor has been stolen more than 2,500 ETH. I did not believe in trading platforms anymore. 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 ?
certainly can. it all depends on your own. not everyone understands this cryptocurrency. they do not know much about crypto. if they understand it then it will reduce poverty in their own country. because they have a source of work and income from crypto.
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 ?
Blockchain is ideal for countries that are underdeveloped but it's also ideal for developed countries.Crypto's are also ideal for those said countries. It means that in all countries cryptocurrencies and blockchain can help the economies as it adds value or source of income to them. But it's those countries aren't just going to allow everything these two to conquer them.
indeed, it can help a lot of people, especially in less developed areas I think.
but to do that, you have to learn and master the subject.
it's not an easy area and there's also a way to get ripped off for novices.
but to do that, you have to learn and master the subject.
it's not an easy area and there's also a way to get ripped off for novices.
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 am living in an underdeveloped country and as far as i know the people from my country who have invested in the crypto has suffered massive loss because of market dip and they don't want to invest more into crypto.. i myseld has suffered massive loss in crypto trading but i am learning the market trend by making loss trades
They even have the potential to reduce global poverty by facilitating better access to capital and financial resources, and by enabling small ...
Of course it can be, because anyone can become a crypto mania, let alone he who has expertise in the field of computers. Because the world of crypto is still very open to anyone, but somehow until then but we have to think logically, because I think crypto currency will soon dominate the global economy
Through proper education about crypto and resources to operate it, I really do believe that poverty would reduce. If all people would do trading and campaigns through Bitcoin unemployment and poverty rate would reduce too. By this the economy would improve and can help each individual become successful .
Of course it can be, because anyone can become a crypto mania, let alone he who has expertise in the field of computers. Because the world of crypto is still very open to anyone, but somehow until then but we have to think logically, because I think crypto currency will soon dominate the global economy
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