Crypto Payments: Bridging the Gap or Building New Barriers?
Cryptocurrency payments are an alluring alternative to traditional banking, claiming to empower the unbanked and simplify transactions. But the truth is more complicated. Digital currencies like Bitcoin and stablecoins offer promising opportunities for financial inclusion but can also create new hurdles that limit access for those they aim to support. This article will delve into the dual nature of crypto payments, weighing both their benefits and challenges for individuals and businesses.
The Potential of Crypto Payments for Financial Inclusion
Crypto supporters maintain that digital currencies can broaden financial access by circumventing traditional banking systems. The only requirements are a smartphone and internet…
