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> Can you expand on how crypto currencies relate to positive social mobility? Bringing those who are unbanked into the global financial system is a powerful wa
by patrickk 9y ago
> Can you expand on how crypto currencies relate to positive social mobility?
Bringing those who are unbanked into the global financial system is a powerful way to help lift people out of poverty. In many cases, banks are unwilling or unable to serve the poor, so cryptocurrencies could potentially fill the gap. I don't think any current cryptocurrencies will achieve this, but there is some research being done on "stablecoins" which could fit the bill.
- russdpale 9y agoCryptocurrency is already doing this, I don't have the names offhand, butt, (Ill eave the typo, hehe) there are several regions in Africa where bitcoin is a primary currency being traded.