It’s a common narrative that cryptocurrencies will provide a platform for the millions of unbanked individuals in the world to obtain financial freedom. In the developing world, around 50 percent of people over the age of 25 have a bank account. This is nearly half what is seen in the likes of North America. If anywhere in the world needs access to more cost effective financial systems its those in developing nations, where the cost of sending money without a bank account can be prohibitively expensive. Cryptocurrency in developing nations According to World Bank figures compiled by Diar, sending money…

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