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Edited by Kahn332 at 21-12-2023 08:55 PM
Crypto presents two faces in different regions—it is a speculative asset in developed areas and a financial lifeline in emerging regions. When a country's economy is on the verge of collapse, cryptocurrencies like Bitcoin and stablecoins tend to gain popularity among the public. This trend can be observed in countries like Ukraine, Turkey, and Argentina. Over the past decade, the Turkish lira, Argentine peso, and South African rand have been among the world's three major weak currencies.
In regions where fiat currencies are weak, there are foreign exchange controls, and mainstream currencies like the US dollar and Euro have insufficient liquidity; Crypto finds fertile ground. It serves as a tool for local residents to store value and achieve financial freedom.
I once heard from an Argentine friend who talked about paying for his clinic fees, renewing Spotify subscriptions, and shopping at the supermarket using Crypto. These were scenarios I couldn't imagine. To gain a broader perspective on the world, during my time at ZuConnect, I interviewed residents from seven countries and regions. I aimed to explore the role of Crypto in the space of financial payments and how the adoption of crypto influences local life. |
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Post time 8-12-2023 22:08:21