After observing a miserable failure of traditional financial models and several injustices in the community. Bitcoin empowers unbanked, fights inequality.
Today, the unbanked and underbanked lack access to financial knowledge. Most often, only those people with wealth and opportunity can access the resources. It is absurd that not all have adequate access to the basic and necessary information for financial literacy. Thus, Bitcoin empowers unbanked, fights inequality.
Resources only come when income increases. So, how can Bitcoin help those who are unbanked? Many of those in the lower socioeconomic levels do not have an idea about Bitcoin (BTC). The knowledge has not been shared from the financial experts and crypto gurus to the marginalized economic classes.
There are several ways to protect the unbanked and marginalized people from the unstable, inflation, and debt of the financial system. Sometimes, the media pronounces the flawed financial system. However, they often disregard some specifics where people may learn about the financial situation.
Thus, Bitcoin is the plan to correct the corruption and unsustainable financial culture. It is an idea, a functional case. A first pass to evolve a flawed system. Their system aims to make every person equal.
Bitcoin is the answer
Bitcoin transactions encrypt wallets and identities. No one has an idea of how much you have. There is no space for division, treatment, or prejudice. In the financial realm, we are not judged by our looks, diction, or how different we can be.
However, as a society, we have to undergo a long process to implement the idea. We have to teach and reinforce the benefits of investing and saving for the future. Moreover, it is essential to look for special tools, like Bitcoin, for the future. It is practicing a dollar-cost averaging approach to lessen the volatility in a high-fluctuating but a high-reward asset.
To summarize, the concept of how a small amount of money can compound into a large windfall should be instilled in our view of finance. Several people who come from a wealthy background are prepared at an early age to save and invest their money to build their future. Thus, they have the knowledge to use their money and to make more money.
However, dozens of communities lack the discipline or think that saving and investing needs thousands of dollars to start. As a result, several people cannot afford an unexpected expense.
Empower each other, fight inequality
In order to start a change on this societal issue of injustice and inequality, Bitcoin empowers unbanked, fights inequality. People should’ve with the knowledge and access tools to assist in investing and saving. Thus, when it comes to financial literacy, the unbanked and marginalized have to receive an education about technology, such as crypto.
As nature adapts and evolves, we should, too. Thus, the first step to solve the problem is to recognize that we have. People are considering several different solutions. Inflation and debt is an immense problem in the financial system.
Fortunately, there are real innovators who came to help. Bitcoin represents these people. They have come together and aims to improve the financial system.