The Role of Cryptocurrency in Emerging Economies and Financial Inclusion
In emerging economies, large portions of the population are excluded from the formal banking system. Lack of access to banks, high transaction fees, inflationary pressures, and a lack of credit history are just a few of the challenges that individuals and businesses in these regions face. Cryptocurrency offers a viable alternative to traditional banking systems by providing a decentralized, low-cost, and borderless means of conducting transactions.