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Underdeveloped Areas Not Espousing Cryptocurrency

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Iranians too are getting involved in the crypto landscape albeit slowly but steadily. An estimated 12 to 15 million own cryptocurrencies, recent studies found
Underdeveloped Areas Not Espousing Cryptocurrency
Underdeveloped Areas Not Espousing Cryptocurrency

Cryptocurrency and its underlying technology blockchain are seen as efficient solutions for improving economic conditions in underdeveloped regions. However, data has it that crypto-related activities in Iran are largely concentrated in the industrial regions. 
The cutting-edge technology has already begun transforming the traditional financial systems across the world. The peer-to-peer nature of the coins allows users to make transactions directly without government or central bank intervention. One outcome is reduced transaction fees and unnecessary costs.
Besides the range of services cryptocurrency-based platforms offer users, the cutting-edge technology is seen as an efficient solution to challenges in underdeveloped areas. Some governments are adopting policies to use cryptos to promote the peoples’ financial inclusion. 


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