According to an interview with CNBC, Ethereum co-founder Vitalik Buterin believes cryptocurrencies currently provide the greatest utility in emerging economies. While developed nations often view crypto as a speculative investment, Buterin claims its most meaningful use cases exist in lower-income countries.
As CNBC reported, Buterin told them that crypto helps provide developing nations with essential financial services they currently lack, like cross-border payments, savings options, and access to the international economy. The Ethereum co-founder claimed he saw higher adoption and more excitement about crypto when visiting places like Argentina versus tech-savvy cities like San Francisco.
Buterin also acknowledged that centralized actors like exchanges are essential in onboarding users in developing countries. However, he believes the ideal future is one where people can transact peer-to-peer on blockchain networks directly. The programmer stated that blockchains need to become dram
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