The Role of Cryptocurrency in Economic Development and Financial Inclusion
Dubai, UAE, 29th May 2024, Cryptocurrencies and the DeFi sector that supports them have emerged as an innovative force that triggered the world of traditional finance, promising new opportunities for economic growth and financial participation on a much broader scale. While conventional financial systems struggle with issues of accessibility, transparency, and inclusivity, crypto offers a compelling alternative that can empower individuals and communities worldwide. Let’s examine how cryptocurrencies help promote economic growth and encourage financial inclusion globally.
The Accessibility of Banking Services
The absence of access to conventional banking services, which is especially evident in developing nations and underserved communities, is a major obstacle to more thorough financia...