Ask Leo: can cryptocurrency help in advancing countries out of poverty?

in LeoFinance4 years ago

Since the pandemic some countries have incur debt and this has really affected their economy in different areas greatly. And means to pay back their debt and balanced back has been very hard for them. Can cryptocurrency be a solution to solve their problems?

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We have seen some countries which have adopted cryptocurrency and using it as a legal tender to perform different transactions because they have seen the benefits that comes with cryptocurrency and which it has in stock . Such countries have seen the future right from the presence about cryptocurrency.

In Nigeria, for instance the rate of people who are into cryptocurrency and trading every day is high no wonder Nigeria is listed among countries trading cryptocurrency the most. Most people in Nigeria has associate themselves with cryptocurrency because it has been source of income for some since there is no job so it has been their means of livelihood. The life of some youth would have meaningless but through cryptocurrency their life has been reshape and there is hope for them well I am not left out.

Even with hive blockchain is no exception which has reallly help people in their hard time and it has help them in different areas to solve their challenges,problems and raise their standard of living.

Furthermore with the current challenges that the Ukrainian faced during the war , cryptocurrency fundraising has really helped them . It has help the needy , homeless and the hopeless Ukrainian.

Indeed cryptocurrency can really help in advancing countries out of poverty.

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