One of the most exciting potentials of cryptocurrency is its ability to drive global financial inclusion. Traditional banking systems have left millions without access to financial services, especially in regions with low banking penetration. Cryptocurrencies offer a low-cost, borderless way for individuals to participate in the global economy.
- In countries with high inflation or currency devaluation (e.g., Venezuela, Zimbabwe, and Turkey), Bitcoin and other cryptocurrencies provide an alternative store of value. Similarly, remittances—money sent across borders—could be facilitated more cheaply and efficiently through crypto, bypassing the high fees charged by traditional remittance services like Western Union.
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