How Bitcoin (BTC) promotes financial inclusion?

Financial inclusion is a major issue that has the power to catalyze social cohesion around the world. Over time, geopolitical, social and economic factors further widen the gap between haves and have-nots. Faced with this endemic phenomenon, Bitcoin (BTC) promises to participate in the development of a more egalitarian world.

Crypto to facilitate trade

Cross-border money transfers are an important activity in the economic life of people residing in developing countries. They can use it to pay the tuition fees of their relatives who have gone to study abroad or to receive money from expatriate parents. On the other hand, some entrepreneurs work with customers who are located outside their country, and who may be resistant to high transaction fees or who use digital payment methods that are not accessible in their state for security reasons. profitability or regulation. Bitcoin makes it possible to send and receive money anywhere and at a lower cost. In addition, BTC has the advantage of allowing fast and accessible transactions for everyone.

Bitcoin to prevent inflation

Fiat money has a strong political component. Indeed, depending on government decisions, it can lose its value overnight. Recently, inflation has peaked (9.1% in the United States and 8.9% in the euro zone). That said, hyperinflation is one of the main signs of a failing monetary system. This phenomenon can destabilize economies around the world and, in particular, lead to a decline in household purchasing power. Bitcoin appears to be an excellent store of value. Indeed, there will only ever be a maximum of 21 million BTC. This rarity is a major advantage for preserving one’s financial assets.

For a long time, the speculative aspect of bitcoin took precedence over its intrinsic value. Now more than ever, with galloping inflation and the current economic crisis, it is time to turn the tide.

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Junie MAFFOCK

I came to blockchain out of curiosity and stayed with it out of passion. I was amazed by the possibilities it offers through its various use cases. With my pen, I hope to help democratize this technology and show how it can help make the world a better place.

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