It has a greater impact and influence of the cryptocurrency in poor people in my country. Because all of my friends are now relying and hoping from the free crypto currency mining sites, faucets, mining applications, free social media platform networks that pays from posting, sharing, liking, or blogging and sharing some stories and each activities you participate here is will be paid in crypto currency tokens. And it can be exchanged in my country currency and cashout it in cash. Some of my friends are now very much waiting in some new launched free apps and sites that can be earned easily and often but not we can consider it as an passive income, its just only an extra income in our free times, there are also free airdrop for additional extras for income not only for us in my country but its for the whole countries that crypto currency is supported by the government. Many in my group chats are the groups of international people, students, parents, single parents, families relatives, and etc. Are joining and earning together for free so that they can help or give an extra cash for their living expenses.
For their each family,i noticed that this pandemic times season, all of the people are already stayed at their own home for safety reasons, and for health. Of course they also been bored and starving staying with out income for their daily expenses especially when it comes to their daily foods. That's why that is the reasons they are engaging and trying to make some extra income online for them to earn a little everyday. It's really so important for us poor people to make some daily income that to spend more money daily from nothing un necessarily things, to buy. It's very convenient to poor people to earn online with crypto currencies for free because its also easy to withdraw and cash out the money associated remittances and of course from the help of BANGCO SENTRAL OF THE PHILIPPINES, because its the only bank who is supported crypto currency exchanges, for us to withdraw our money crypto currency earnings. Actually in the Philippines there are also many licensed trading platforms like for example PDAX, its very much popular and famous platforms here in my country they even have sponsored many you tube bloggers from their niche of extra incon online like applications and sites. They are having free give aways and the prices are so huge.
Crypto currencies could provide a significant benefit by overcoming the lack of social trust and by increasing the access to financial services (Nakamoto, 2008) as they can be considered as a medium to support the growth process in developing countries by increasing financial inclusion, providing a better traceability of funds and to help people to escape poverty.
To provide a comprehensive overview of the opportunities of crypto currencies in developing countries, it is necessary to understand the general advantages and disadvantages crypto currencies provide for users compared to central bank-issued fiat currencies, like the Euro or the US dollar, and to discuss how they emerge from the underlying technology. For this purpose, the example of two crypto currencies is used in this. The underlying technology of most crypto currencies is blockchain technology. A blockchain is a decentralized database that is distributed in the network on a variety of computers. It is characterized by the fact that its entries are summarized and stored in blocks.
The first crypto currency discussed in this article as an example is Bitcoin which is technically, “an algorithm that records an ongoing chain of transactions between members of a decentralized peer-to-peer network and broadcasts these records to all members of the network.
They can also help us poor to earn a little bit income for free its really a great help in especially this pandemic times. I can't really imagine or believe that this kind of our new crypto years in this legendary life of people in this world could possibly earn money in their each own mobiles phones, not just like before that all people are earning by working outside together with their employer and have a low salary amount than from the work that they do. I mean here that you can be so much tired before you can earn money from a simple day, that even for all people are feeling hungry going from their workplace.
Liked it , and thanks for sharing this information dear. Back my post also.