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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
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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.
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About the Author
Alex Gladstein is the chief strategy officer for the Human Rights Foundation.
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