How Crypto Exchanges Are Tackling Poverty

Ongoing technological advancement in digital currencies is a phenomenon that can help developing countries both politically and economically. Cryptocurrencies can solve problems that are unique to these countries by providing access to a bank account, easy transfer of money across borders, and fractionalized payments.

Improving the accessibility of financial services can help improve developing economies by providing greater transparency in transactions and reducing corruption at all levels, and including previously unbanked persons into the financial system stimulates economic growth and enables more accurate forecasting, risk management, and analysis.

Cryptocurrency allows money to be sent from someone on any corner of the world to anyone else, without the need for a bank account or the often-draconian Know Your Customer regulations that come with them and are sometimes deliberately designed to keep low-earning customers out.

All that a person needs in order to transact in…