How Africa survived Dollar and Euro Domination

I remember the time when the USD and the EUR was being used by the strong nations to put the small nations down. And they used to treat the africa, asia and south american nations like some slaves. And that was a really bad time when the survival was not easy for these nations.

Then slowly the crypto came into the picture. And the people in the africa, asia and south amercia started holding the alternative currency. And they didn't have to bend down their knees to the dollar. And so does the dollar domination has started going down.

Which means a lot of things we can trade crypto for local currency. And that would slowly build us into better lifestyle and also our govt does not have to be the puppet of the europe and the United states anymore.

All of this was possible because of the Crypto.

Photo by Kanchanara on Unsplash

It starts with Adoption

When USD was forcing it's adoption it did through the war and the crisis.A nd they made the small nations accept the USD as if it was their only option. And they did because they wanted to survive. And slowly this turned out to be a good option for them to improve things locally.

Now in africa, more and more people are accepting the crypto. And they are making use of all possible means for the conversion to the local currency later when they need something. So things like that reduces the power of the USD from that point onwards.

Then it moves to trade

As you know asians are moving away from the USD because they realized how US and the EU became powerful despite the covid was going on. And they forced other people to take side. And that was not a good means for them to be in for life.So they found ways.

BRICS is going to make use of the internal currencies with each other. And so we are going to be seeing new currencies coming in and out in the circulation. And I won't be surprised if those people too accept the bitcoin or any other currency which is electronic at some point.

In short africa, asia and south america is slowly going to change and they would become a good colonies where there would be money and less poverty. Atleast we can hope. with crypto that is.

Posted Using LeoFinance Alpha