El Salvador Using Crypto To Lend To Unbanked

We are starting to see some signs that cryptcurrency will actually approach some of the major problems within the economy. We have way too much money locked in the banking and financial sector and not enough in the general economy. This results in slowing growth rates as seein the developed world over the last few decades.

In this video I discuss how cryptocurrency needs to not repeat this mistake. Using crypto as nothing more than a casino is only going to create the same problems over again.

There are signs it is breaking. The move in El Salvador to set aside $10 million in cryptocurrency to lend to small businesses, most of whom are unbanked is a step in the right direction.

Here is the article that is mentioned in the video.

https://news.bitcoin.com/el-salvador-plans-to-offer-crypto-loans-to-small-scale-entrepreneurs/

▶️ 3Speak