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Why cryptocurrency adoption is proving so useful to the developing world


For many people starting out in the world of cryptocurrencies, extreme price volatility is their biggest concern. After all, some investors have seen a quarter of their Bitcoin stash wiped out within a single day during previous market fluctuations. However, for people in the developing world, national currencies are often even more volatile, with devastating effects. Zimbabwe is one example of a country still struggling to recover ten years on from its peak of hyperinflation. Now, people there are turning to cryptocurrencies as a safer and more reliable means of transacting. The effects of inflation Inflation means that the value…

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