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People badly need a bank account to live. <\/strong>There are approximately 1.7 billion unbanked people in the world and crypto companies have potential to provide banking services for the unbanked and help to solve the problem with financial inequality. Seven countries represent about half of all unbanked people on the globe. These countries are Nigeria, China, India, Pakistan, Bangladesh, Indonesia, and Egypt.<\/p>\n\n\n\n Folks, this is where it gets interesting!<\/strong><\/p>\n\n\n\n People who are struggling the most in finding banking services find rescue in crypto. The countries that have the highest combined rates of unbanked and underbanked are Vietnam (79%), the Philippines (78%), and Indonesia (77%). In fact, the countries with half of the world\u2019s unbanked people are all in the top 20 list of countries in the world with the highest rate of crypto adoption. Lack of banks equals increased crypto adoption.<\/p>\n\n\n\n For the second year running, Vietnam has topped the charts for cryptocurrency adoption according to the 2022 Geography of Crypto Report by Chainanalysis. Vietnam is crushing it in crypto. They are playing blockchain based games and using crypto when there are no ATMs. It has been estimated that 21% of Vietnamese consumers use or own cryptocurrency. These statistics are jaw-dropping in comparison to Europe and the USA. Only 8% in Europe and 7% in the USA have bought or own crypto currencies.<\/p>\n\n\n\n Ordinary people as well as shady people use crypto. This is no different than ordinary money. Crypto adoption is predicted to continue to increase in Russia as long as international sanctions are in place. Under Russian artillery shelling, 16 percent of the Ukranian population turn to crypto to store their wealth and to make financial transactions. We need crypto when the world is struggling to keep peace.<\/p>\n\n\n\n Cryptocurrency adoption is growing around the world. The global crypto ownership rates are estimated at about 4.2%, with over 420 million crypto users worldwide according to TripleA.<\/p>\n\n\n\n Crypto is crushing it!<\/strong><\/p>\n\n\n\n Bitcoin and the biggest crypto currencies are going mainstream and reaching economies where the national currency is weak and assisting people in sending or receiving currency across national borders. The highest-ranking crypto currencies, foremost Bitcoin and Ethereum are also seen as a store of value when fiat currencies are struggling with inflation. Sure, one can argue that Bitcoin and Ethereum have taken a sucker-punch in the last year but looking long-term they are seen as a hedge against inflation. There is no other traditional asset that beat Bitcoin in value increase in the last 10 years.<\/p>\n\n\n\n Crypto is not here to replace the traditional financial system. Rather to provide an alternative when the traditional system is failing or neglecting the needs of the people.<\/p>\n","protected":false},"excerpt":{"rendered":" Crypto is fulfilling its most important purpose. People with no chance to do their banking turn to crypto for help. People in most need are benefiting from the blockchain developments of the fourth industrial revolution. People badly need a bank account to live. There are approximately 1.7 billion unbanked people in the world and crypto companies […]<\/p>\n","protected":false},"author":1,"featured_media":393,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"pagelayer_contact_templates":[],"_pagelayer_content":"","wds_primary_category":0,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-392","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-society"],"_links":{"self":[{"href":"https:\/\/www.cryptobeyer.com\/index.php?rest_route=\/wp\/v2\/posts\/392","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cryptobeyer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cryptobeyer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cryptobeyer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cryptobeyer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=392"}],"version-history":[{"count":2,"href":"https:\/\/www.cryptobeyer.com\/index.php?rest_route=\/wp\/v2\/posts\/392\/revisions"}],"predecessor-version":[{"id":1717,"href":"https:\/\/www.cryptobeyer.com\/index.php?rest_route=\/wp\/v2\/posts\/392\/revisions\/1717"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.cryptobeyer.com\/index.php?rest_route=\/wp\/v2\/media\/393"}],"wp:attachment":[{"href":"https:\/\/www.cryptobeyer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=392"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cryptobeyer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=392"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cryptobeyer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=392"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}