How cryptocurrency has helped to strengthen weak currency of low tier countries

[Josemendez]

Cryptocurrency ever since it's existence has been able to solve alot of problem , such as making it possible for someone from a low tier country to spend for a product online at the same price with someone from a top tier country.

Secondly , cryptocurrency worth is placed mostly in Dollar worth ,and this has helped a low tier country to earn cryptocurrency online ,and when converted to his local currency , it will have a very high value . For example , $10 worth of cryptocurrency may not be a big amount to a top tier users ,but to someone from a low tier country , it will amount to some tangible in his local currency .
However , cryptocurrency should have been a tool that will unite many people together but that is not the case with it .
It is mainly seen today as a means of income ; it is seen mostly as something for trading .
What is your opinion on the use of cryptocurrency ,and it's effect on low tier countries currency ?

 

[sincerem]

That's true, your points are correct. Cryptocurrency have helped lower tier individuals to recoup some profit, because it is valued in US dollars. So when one earns some fractions of Cryptocurrency like Bitcoin, it won't be measured with his country's Fiat currency but that of usd. That will help the one coning from lower tier country to recoup some cash that is valuable when converted to his local currency. He will get exact value of what he earned with his own country's currency. Cryptocurrency have help many people today, to reduce the rate of poverty strain life, people see it as an avenue of making money. By saving their coins long time in their respective local can drive them income over time as Bitcoin or any other coins increases. People have learned trading, and they trade with Bitcoin and make cool cash from it as well.