In recent years, cryptocurrencies have emerged as a revolutionary force in global finance, with emerging economies playing a significant role in this shift. From providing financial inclusion to improving cross-border transactions, digital currencies have the potential to reshape economies that face structural financial challenges. The role of cryptocurrencies in emerging economies is multifaceted, offering both opportunities and challenges. In this article, we explore how cryptocurrencies are impacting these economies and why their adoption continues to grow.
Cryptocurrencies and Financial Inclusion in Emerging Economies
One of the primary benefits of cryptocurrencies is their ability to promote financial inclusion. In many emerging economies, a large portion of the population remains unbanked due to limited access to financial institutions. According to the World Bank, around 1.7 billion people worldwide are unbanked. Cryptocurrencies…
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