Can cryptocurrency remove global poverty?

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Avatar for hafsa.mansoor
4 years ago

Poverty is hunger, which affects all the nations in the world. we are living in modern society but still, some people who don't even have shelter. the population of the countries is the biggest reason for poverty. Governments don't have enough jobs for their citizens. in my country, more than 1 lac students graduated per year but only 5000 to 10000 job vacancies offer per year. the rest of 90000 are jobless and this has become a reason for poverty. because of the fewer jobs, some of them became criminals.
 Cryptocurrency can remove global poverty if all the countries start to accept blockchain technology.  people can earn a good amount just by using mobile, people can earn by trading, writing articles and there are many ways to earn cryptocurrency.

many students can't afford their studies and also don't have enough time for a part-time job but they can earn a good amount with the help of cryptocurrency and afford their studies.

Corrupted Governments are not ready to accept blockchain technology because it's not beneficial for them and they banned cryptocurrency without realizing the importance of cryptocurrency. this is the reason behind the lack of awareness among the peoples.

more than 50% of people in the world don't know about cryptocurrency because of a lack of awareness.

CRYPTOCURRENCY CAN REMOVE GLOBAL POVERTY IF GOVERNMENT REALIZED THE IMPORTANCE OF BLOCKCHAIN TECHNOLOGY.

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Comments

FYI: Most of the people have no idea what "lac" is.. also that's one disturbing image you've chosen. By the way you can edit the articles, and change the lead image, topics - just click "Edit the article".

As for the topic - yep, crypto can change that (not today, but in the future), but I'm pretty sure there are much more than 50% who don't know about cryptocurrencies and probably about 99% haven't used any cryptocurrency.

$ 0.05
4 years ago

I change the image... I agree with you, governments should start an awareness campaign about cryptocurrency and blockchain but they only care about themselves

$ 0.50
4 years ago

Yeah, that's a much better image :) Thanks!

I agree with you, governments should start an awareness campaign

Why would they? You are correct, that "they only care about themselves". Right now the government can print money whenever it needs it. With cryptocurrencies with a limited cap you can't do that. Also, any government is a bureaucracy, meaning that each official cares mostly only about his position. I don't know of any official position that would be better off if cryptocurrencies are used everywhere :) That's why people need to educate themselves.

$ 0.00
4 years ago

I agree, now some developed countries started educating about blockchain technology... I live in Pakistan and crypto banned here but still from this year's well-known university starts offering courses related crypto. Same as in Africa, as you know poverty on it peaks in Africa but they started adapting cryptocurrency without any helped of government.

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4 years ago