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How Web3 Can Strengthen Emerging Markets
11 ways crypto and web3 can empower the people of emerging markets to lead better lives.
Emerging markets dominate the world’s crypto adoption index. Vietnam leads the way, partly because a) crypto offers an alternative to unstable local currencies, and b) large percentages of people are unbanked.
This crypto as a currency foundation opens the door for decentralized applications (Dapps) to enter and grow in markets such as Southeast Asia, Latin America, and Africa, especially in economies that are liberalizing and opening up to the world.
As Ray Dalio puts it in his new book, The Changing World Order, a prosperous economy and society depends on financial strength (or at least the absence of debt that can’t be repaid), innovation and productivity, education, and the absence of or acceptable levels of internal conflicts and external threats.
