While the world is not reducing in population despite whatsoever increases the death rate, the world's population is estimated to rise to 9.9 billion in 2050. Millions of people lost their lives due to covid 19 pandemic but somehow the decrease will not be felt in a couple of years from now. While this growing population would only bring more casualties, more demand, more supply, and most importantly, need for more money to fend for the growing population. The world of Finance would need an expansion to create workable solutions to avoid more growing population in poverty. From my research I discovered that 68.8% of the Indian population lives on less than $2 a day. Over 30% even have less than $1.25 per day available - they are considered extremely poor. A country like Nigeria is estimated to have 40.1% in poverty according to the latest report published sep. 4 2020.
Walking Into Doom?
The train from here would need more space to accumulate this much passengers, 9.9billion with as huge as 40% in poverty would be terrible. Well, the world has been recorded to have only 9.2% living on $1.90 a day. Now that figure is really depressing, looking at the fact that I consume 5 times more than that in a single average meal, and people are estimated to live on that throughout a day, suckish. But on drawing back attention to 1990 where the world had over 30% living on that same figure, from here we could say there's a huge improvement. Nevertheless, covid 19 has created a lot of nuisance that might just be pulling down the struggle to eradicate high poverty rate, possibly pushing the figure back as high as 150 million additional population to poverty. While we expect more atrocity, what does Crypto have to do about this?
Let's Take Over The World
Estimated : 7.8 billion world population, Crypto And Blockchain Can only do as much
The chart above, obtained from here, displays Nigeria to have claimed ownership and usage of the most cryptocurrency. Perhaps this high percentage was triggered by the high cost attached to sending money across countries. The US of 331 million population at the start of 2020, only 7% of these populations has adopted cryptocurrency, but in the long run, the US is also reported to own the most cryptocurrency momentarily, the United States is home to most of the crypto endeavors and activities, with a large number of exchanges, trading platforms, funds, crypto mining facilities, and blockchain-oriented projects, I guess that's not debatable but weird tho. While all that is said, having the "World Power" adopt crypto in full fold would be a huge start for major establishments.
Crypto has done as much to distribute wealth, great employment and bridge the taxful system that does more harm than good to the average living personalities. With millions already adopting cryptocurrency I think we're off for a great start. Particularly, crypto blogging platforms are the biggest projects runed on the Crypto-sphere, which could actually reduce a high population from the rank of poverty and put them where living is much comfortable. The turnaround may not take a rather fast effect as it would take much time to implant this new feature to the system.
-Bringing Crypto To The World, Introducing Crypto Education, The System Lacks That!
The world rather tends to be getting dumber by the day, despite the wildfire technology creates in every sector, so much knowledge is still limited because of a corny system. I think it's high time cryptocurrency is being introduced to school curriculums, the trends are catching up and these kids need to be taught about the new world much earlier. Blockchain is friendly, Crypto is friendly, why not treat the children on these topics, by the time crypto is all digested, more diverse goals would be implanted and new investors, bloggers, Crypto enthusiasts, web programmers and all Crypto-sphere related field adopters would be brought up. Then and only then would crypto be ensured to touch greater grounds. Crypto can reduce poverty,
The Future Is Now!
