Cryptocurrency is digital cash. It is quicker, smarter, and tougher than traditional money that is commonly used in the world.
Among the several challenges that cryptocurrency is poised to decipher, is terminating poverty.
While technical growth has significantly curtailed poverty around the world over the past century, it is still not cleared out. There are still billions of people on earth who are hanging around devastating poverty.
If the poor population of the world and the developing countries get introduced to blockchain technology, their poverty will vanish away in no time. Cryptocurrency is something safe to invest in and carries the potential of removing the lack of properties and capital.
Open Blockchain Networks Lessen the Go-betweens and Promote Direct Charity.
By taking the power from global go-betweens and giving the buying power directly to the hands of in-need people can restore an increasingly weak and incapable global aid system. And if direct capital transfers are appreciated as the promising mode of distributing aid, the second practical step in improving distribution could be via direct cryptocurrency deposits. This can be a more efficient way of reducing poverty.
If we see more benefits of direct money transfers, the probability for peer-to-peer, crypto-based networks is inclined to flourish. In a developed system, buyers will be eligible to transfer crypto anywhere around the globe, having the knowledge that their cash will be transferred directly into the safe digital wallet of a person who is in need.
That will be free of any government interference and supervision, corrupt local officials, and well-meaning yet misguided contributors. This is a kind of direct charity and has a beaming destiny. And cryptocurrency is a significant participant in this widespread evolution. If this currency gets approved by developing countries’ governments, we’re sure it will completely diminish poverty around the globe.
Other than that, if people themselves trade in cryptocurrency using the right platform, they’ll increase their wealth ten folds. Also, the buying and selling of assets are completely open and corruption-free due to the decentralized feature of cryptocurrencies.
Bitcoin as a Leading Crypto Coin
Being a leading cryptocurrency, Bitcoin is the best choice to trade-in. Bitcoin carries the value of gold presently and has a notable blockchain technology that keeps the ownership of the asset completely transparent and legal. It carries all the records and hedges for proof to avoid corruption.
However, with transparency and open blockchain, there also requires a reputed platform that you need to choose for trading. One of the most reputable platforms that we recommend is Bitcoin Storm. With having right equipment and knowledge, one can gain insane profits. So, go for it if you want to get rid of running the errands at your 9-5 job.
Features of Bitcoin
Following are the features that make Bitcoin the best coin to invest in:
- Decentralized: Provides network independence.
- Anonymous and Transparent: Offers complete security to investments.
- Fast: Processes quick payments of the currency.
- High portability: Can easily be carried in a flash drive or stored online.
- Choose your own transaction fee: Advantage of choosing the transaction amount or choosing not to pay at all.
All these factors of Bitcoin make it highly prestigious and prominent among other currencies.
Bottom line:
Cryptocurrency trading is growing like a fire in the forest and it will eventually reach its heights soon, making people more independent and poverty-free. We predict that Bitcoin will gain more worth in the near future and will help a lot in diminishing poverty from the world.
While other cryptocurrencies have also entered the financial stage, it is predicted that they will also contribute to transforming the global economic landscape forever. With that, our opinion regarding digital charity is that it is also a highly competitive way of reducing poverty by avoiding corrupt middlemen and it should be implemented.
