Viva La Revolución: Cryptocurrencies As Agents Of Social Change
Sep16

Viva La Revolución: Cryptocurrencies As Agents Of Social Change

Academics and the media often talk of cryptocurrencies as a technological innovation, or discuss the economic and regulatory challenges posed by them. Much less attention is given to the possibility that digital currencies may promote and enable social change. But cryptocurrencies may provide opportunities to democratize credit and investment, financial services, enable small-scale international transactions, and provide an alternative store of value to protect savings from less stable national fiat currencies. The result could be opportunities for social mobility and wealth creation for those amongst the poorest in society.

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