A recent speculative post by PlanB claims that there are several implementations and application cases for Bitcoin that relate to Sustainable development goals (SDGs). According to him, Bitcoin`s adoption would instantly have a positive impact on at least 10 of 17 United Nations` SDGs.
Read CRYPTONEWSLAND onNotably, around 2 billion individuals still lack access to financial services, according to the Global Findex database. Consequently, focusing on financial inclusion is a crucial first step in raising people’s living standards. It makes it possible to save more money, purchase real estate, and launch investments.
The need to guarantee that all men and women, the impoverished, and the vulnerable have This cites use cases of modern financial services, including microlending. For rural poor people who have often had limited access to financial institutions, mobile money featuring Bitcoin is thus a game-changer.
It is crucial to remember that competition and advancements like e-banking and smartphones have made payments more practical. The majority of cross-border payment clearing and settlement still happens via conventional correspondent banks. Conversely, they have difficulty processing the larger volume, lower value retail payments.
Bitcoin does not differentiate between transactions of different amounts. As a result, a whole new population will be able to participate in the market. This is a solution for cross-border payments as a result of the low cost of conducting transactions.
The members in the network each have their own gadget, which acts as a “node” inside the network. This replaces the traditional system of banking correspondents. It also contributes blocks of time-stamped transactions to create an immutable chain of events (Blockchain).
#XRP's potential surge to $18? Analysts analyze the bull flag pattern amidst Ripple's legal battle…
#Tether develops a #P2P financial terminal using #Holepunch tech to enhance market stability and decentralize…
#Ethereum bulls charge ahead! Bullish signals abound, but market volatility looms. Will #ETH break resistance…
#Binance Labs supports Magic Square's new #IDOplatform focusing on equitable #Web3 investment access.#MagicSquare
Q1 2024: #XRP spot trading volumes soared 40% to $865M, showcasing resilience amid ongoing SEC…
🚀 Tether's $1B Boost Propels Bitcoin to $73K! 📈 What's Driving the Surge? Find out…