Ask Leo : How has cryptocurrency been useful for countries with weak national currency?

The impact that the crypto ecosystem has made on countries mostly are useful for the countries growth and this is a fact that can clearly not be denied.
In this post I will be talking about some impacts and the usefulness of cryptocurrency in the economy of countries generally.

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Firstly talking about the impact and usefulness , the word “decentralized ” should ring a bell. Decentralization is one of the most impact crypto has brought to the world and this is great for individuals as you have the right to all you own and deal with money without anyone’s permission, decentralization offers privacy at its highest form and I think everyone wants privacy right?.
Many individuals in developing countries or nations have evaded absolute poverty because of cryptocurrency. A very good example is Nigeria, I must say that over 50% if not even more of youths in the country have been able to make ends meet because of cryptocurrency because in the country their isn’t a guaranteed job offer after education and crypto has made a lot of them evade from doing bad things. So cryptocurrency has definitely made individuals evade from poverty in Nigeria.
The crypto system has been adopted by a lot of companies and businesses who accepts cryptocurrency as a payment system and this is really helping people from paying through from which charges are removed but this is not so in cryptocurrency.
The use of cryptocurrency as a mode of savings can not also be sidelined as many people prefer to save their money in stablecoins in cryptocurrency that save them in banks, it seems people trust saving in crypto than saving in banks😃🤷‍♂️.
There are many others benefits and impact the crypto ecosystem has in countries but that will a topic for another day, you can kindly share more thoughts on the post will be greatly appreciated.

Thanks for viewing my post and do have a lovely day.

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