Crypto Is the Revolution Leading Developing Countries to Financial Inclusion

[Joankii]

World regions with fast-growing financial and economic potential, such as Africa, could become the predominant crypto adopters.

 

Back when digitized banking service evolutions such as debit cards, online banking and check imaging were sweeping the financial sector, one could have never imagined what was coming next. I certainly did not, having spent more than 10 years during this time advising executives of major global banks on the implementation of these game-changing technologies.

The creation and digitization of new currencies, not owned by the government but by the people, has found its home in the global market over the last decade, starting with Bitcoin (BTC) and soon exploding to thousands of alternative digital currencies available for exchange and with a total valuation of $285 billion, each with its own form of value and usage. Read More

[bigcash2011]

I hope under developed and developing countries will not miss out on the potential and economic benefits that crypto and blockchain tech provides not only they can bring transparency and efficiency but corruption can also be tracked and controlled through the use of this tech as each transaction and amount can be tracked using blockchain.

[Daominchai]

Crypto and the blockchain technology is indeed the revolution and will one day lead us into the next-level. More countries are getting more involved in crypto, especially that their fiat money is already dying out. Hopefully that the U.S. will not lead to that point after printing so much money during the COVID pandemic.

There are regulatory compliant blockchains that is designed from the ground up to handle real-world business needs. It introduces a protocol-level identity mechanism allowing for enterprises to comply with jurisdictional regulations.