Is cryptocurrency the answer to financial inclusion issues?

When Bitcoin first started gaining notoriety, one of the selling points for the cryptocurrency was that it could help bank the unbanked. According to the World Bank, around 1.7 billion people do not have access to regular banking accounts as of 2017.

These people are largely from the global south in continents such as Asia and Africa. For them, cash remains king. By not having a bank account though these people remain excluded from the traditional realms which creates a perpetual system of economic disparity. Can cryptocurrency solve these issues?

Why are people still unbanked?

There are numerous issues preventing such a large amount of people from financial inclusion. Many of the world’s population remains unbanked is largely due to economic hardship.

800 million people are still living ……..