Can cryptocurrency fight global poverty?

Can cryptocurrency fight global poverty?

RSE contributor Jeff Fong has an excellent series running on Policymic about Bitcoin.

Earlier this week, Jeff asks, “Could Bitcoin Destroy Government Control of Currency?”

Today he writes about Bitcoin’s potential for humanitarians:

Basic financial services can be hard to come by in the developing world. Many regions simply don’t have the abundance of branch banks found in more developed countries and this lack of financial infrastructure is a major impediment to economic growth. While advances in mobile banking have provided easier ways to send and receive payment, Bitcoin could majorly expand on existing services and do so in a way that directly integrates users with the global economy.

Both are well worth the read. RSE will be at Bitcoin 2013 this weekend, and Jeff will be live blogging the event.