uTalk

crpuusd

Member

From: Blockchain

Registered: 2022-12-13

Posts: 1,700

Re: What roles does the poor play in the Cryptocurrecy market?

Their participation and decentralization have a symbiotic relationship. On the one hand, successful decentralization requires some degree of local participation.

Subnational crypto enthusiast proximity to their constituents will only enable them to respond better to local needs and efficiently match public spending to private needs if some sort of information flow between poor and the crypto elite exist.

On the other hand, the process of decentralization can itself enhance the opportunities for participation by placing more power and resources at a closer, more familiar, more easily influenced level of market trade.

In environments with poor traditions of citizen participation, decentralization can be an important first step in creating regular, predictable opportunities for citizen-state interaction.

Kelechi

Member

Registered: 2022-12-25

Posts: 2,275

Re: What roles does the poor play in the Cryptocurrecy market?

The poor might also engage in trading crypto, buying and selling them for profit or as part of their financial strategyHowever, it's important to note that involvement in the crypto market can be  individuals from lower-income backgrounds may be more vulnerable to financial losses.

Lanistergame2

Member

Registered: 2022-12-25

Posts: 1,641

Re: What roles does the poor play in the Cryptocurrecy market?

Users of Crypto Services: The poor might use crypto for remittances, access to financial services (like loans or savings), or as a store of value in economies with high inflation or limited banking infrastructure.