Cryptocurrency: An Antidote to Corruption and Inequality?

• A crypto trader calls cryptocurrency to be an antidote to corruption and inequality.
• Bitcoin has the potential to create opportunities people never had before, she states.
• But will cryptocurrency ever manage to clear the skepticism around itself and gain the full trust of people.

Cryptocurrency, a term now quite popular in the financial world, has gained a lot of limelight worldwide now. The virtual currency can be sold, bought, mined, and traded without any particular entity as an authority. Maybe this is the reason that it worries some people so much. 

Though a crypto trader named Larissa has some different views on cryptocurrency. She recently appeared in an interview and expressed her views about the topics. She is the communications lead for a cryptocurrency exchange. Exchanges are the places where individuals go to trade in digital currency.

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She tells about how she didn’t even have a savings account before getting into the crypto industry. And that she got into crypto through her previous work at a PR agency that had crypto clients. She says that cryptocurrency is something that’s changing the world by decentralizing the finance sector. She claims that cryptocurrencies create opportunities for people who never had before. 

She further states that she doesn’t believe digital currency can replace the current financial system. But it does have the potential to be the world’s reserve currency and is an antidote to inequality and corruption in the finance sector. She finds it hilarious when people say they see cryptocurrency as a fraud because it shows their lack of knowledge about it. 

The industry is witnessing significant changes in the current times. Especially in the last year when it witnessed bans and adoptions in different regions and countries. And it’s said that this year might see regulations and taxations hovering around the cryptocurrency. There are countries that are firm in the adoption decision of the currency and there are also some who are still thinking about whether to get into it or not. But as it’s said everything has its own merits and demerits. And even if some entities aren’t ready to accept cryptocurrencies, they are ready to deploy blockchain technologies. This somewhere or the other signifies that maybe the new technologies are indeed making a positive impact.

And no matter what, the centralized and decentralized finance once stated to be rivals are still co-existing. 

Different people have different thoughts about digital currency, some call it a fraud while some see it as an opportunity for the financial sector. But it’s still to be looked forward to whether cryptocurrencies ever manage to clean their image in the minds of some people.