This story is part of BREAKER’s Social Good Week, a series looking at ways blockchain technology can engineer progress and help humanity.
A widespread argument for the importance of cryptocurrency and blockchain tech is its potential for people in developing nations. In places like Kenya and Nigeria, it is argued, surging economies are grappling with inadequate access to global financial infrastructure and investment. Meanwhile, under inept regimes like the one in Venezuela, the domestic money system is crumbling. In both cases, cryptocurrency could offer ‘financial inclusion’: Better integration with the wider world, eventually translating into better economic mobility and innovation.