Probably, the deepest aspect of Blockchain and Bitcoin is that regardless of ethnicity, gender, or cultural background, anyone has the ability to use it according to their ability. According to the world bank, there are about 2 billion adults who do not have bank accounts or have the means to store their money or wealth. Almost all of these individuals live in developing countries where the economy is in its beginning of development and is completely dependent on cash.
Blockchains of the future offer solutions not only as a form of account for wealth storage, but also for storing medical records, property rights, and various other legal contracts.
- CandleFocus Editor
Advantages: Banking the Unbanked