Crypto has proven in so many ways to be the best thing that has happened to us as humans. I can’t think of any disadvantages of cryptocurrency except the fact that people use it to launder money or scam people. Which is a usual thing because anybody and anything can be used to scam and rip people off. I have advertised and told lots of people who are less enthusiastic about cryptocurrency the importance of cryptocurrency. Cryptocurrency offers the highest form of financial freedom. This has been an advantage especially to women who don’t have access to their finance or access to banks.
Countries like Afghan are known for their crisis and their special laws against women. Women in these countries don’t have privileges like women in other countries. They are either not allowed to get educated or own a bank account. Even the educated ones sometimes don’t have the necessary documents required to own a bank account. This is a big disadvantage to women in that society. Some women have to endure all the hardships they face in those countries because they don’t have a choice. But because of the decentralization of bitcoin, some women are beginning to have access to their finances through bitcoin and cryptocurrency.
Some of them get paid their salary through bitcoin, this way they have total control of their funds and have their freedom. They can comfortably make and take decisions for theirselves. All thanks to a person called Roya Mahboob who collaborated with her sister to find an organization that is dedicated to helping women in such situations. They played a very huge role in teaching women how to use computers and how to open a cryptocurrency wallet. This is because of the amount of educational deprivation in women.
When ever there is any ongoing crisis in the country, these women can comfortably evacuate theirselves and families because they have the money. They don’t have to subject theirselves to endurance hoping and waiting for help, bitcoin has fixed this now. The money is in their wallet and luckily for them, the value of bitcoin and cryptocurrency can increase, that means more money for them.
Due to the crisis in these countries, the currency value is depreciating rapidly, cryptocurrency is also helping these women preserve the value of their assets. Which is another advantage of cryptocurrency.
You can see how much good cryptocurrency has been adding to our lives, but the government is having sleepless nights because they can’t control it.
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