Unfounded fears about crypto have been holding back adoption as much as true shortcomings. The community needs to clarify misconceptions and fight prejudice against cryptocurrency if growth is to continue, argues a crypto investor.
to World Bank data, 1.7 billion people globally do not have a bank account. Many of us take for granted the ability to move money around through credit cards and bank transfers — sending large sums to our friends and family with a tap of our smartphones — but for the unbanked, this is not possible.
and the impact of United States sanctions that also affect their banks. They are increasingly converting their wages into crypto and using the blockchain for money transfers and payments. Closer to home, crypto is also democratizing finance. There are low barriers to entry with no need for a broker or a high net worth. Anyone can invest and create wealth for themselves. As a result, people are learning about concepts such as annual percentage rates, lending and borrowing, and the history and purpose of money.But, any defense of crypto cannot avoid the elephant in the room: crime.
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