what are the social and economic impacts cryptocurrencies have ?
and how will this affect third world and poor countries because of their limited access to internet and modern technology?
This coin is still premature to make a nation impact the transformation or change of the economy as we know some of them prohibitively or strictly implemented some measures for the use of it to the point that some countries bans the exchanges and coinbase.
Some of the impact is pretty negative and some are positively progressive that's why some countries prohibits or regulated some ICO's and some crypto because some petty criminals are using this for their illegal transactions and Ponzi schemes all because of its feature anonymity.
But because of its transparency it can impact the Government by setting a wallet that is designated for them or for their Department letting them sign the wallet to prove the ownership and the funds thus making it more public eliminating corruption and stealing people's tax.
Another thing is the business, company and banks adaptation towards the blockchain technology making the transaction more efficient, decentralized, public and faster but as I've said it is still premature that needs further developments and improvements.
