When cryptocurrency first went mainstream, there were high hopes that clever entrepreneurs could help bring about a technological revolution that would completely reshape our way of life. Although we aren’t fully there yet, there are signs that this industry is bringing about massive change across various industries. Although the social impact wasn’t necessarily considered at first, it’s become evident that crypto is going to radically change the way of life for those who don’t have access to traditional banking methods, commonly known as the unbanked and underbanked.
Dash and Venezuela
Dash is a next-generation digital currency based on the Bitcoin software. It was designed to solve several of the main issues associated with Bitcoin (BTC) and has been successful in doing so. Dash has been able to speed up transactions, offer enhanced privacy, and develop a decentralized governance and funding system. One of the ways Dash has really made a difference is by helping the citizens of corrupt nations with rampant inflation such as Venezuela.
As most of us know, Venezuelan citizens……….
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Author: Matt Chambers
Original link: https://dailyhodl.com/2020/07/26/cryptocurrency-making-a-big-difference-in-the-lives-of-the-unbanked/