Alex Gladstein
Check Your Financial Privilege
While those comfortable in the dollar bubble deride Bitcoin, the stories of three emerging market users demonstrate why it is so important.
Bitcoin Magazine, 2021
¿De qué se trata?
Three developing economies showcase the role of bitcoin in global finance.
Recommendation
In the advanced economies, where residents enjoy the rule of law, stable currencies and free markets, many observers have questioned whether bitcoin can be an effective store of value, a legitimate competitor to fiat currencies or a viable payment medium. But in countries like Sudan, Nigeria and Ethiopia, as author Alex Gladstein reveals in this illuminating article, people are embracing bitcoin as a way to simplify cross-border remittances and to circumvent dysfunctional markets and corrupt regimes. Gladstein adeptly highlights how bitcoin can help the citizens of developing economies find financial freedom.
Summary
About the Author
Alex Gladstein is the chief strategy officer for the Human Rights Foundation.
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