Samson Mow, CEO of JAN3 and a nation-state Bitcoin adoption worker, has spoken out about the issue of financial exclusion, stating that the unbanked exist because of a system that denies people access to money and finance. He believes that Bitcoin adoption can help address this issue by providing financial inclusion.
According to Mow, Bitcoin adoption can benefit everyone, regardless of their social standing or economic situation. He believes that Bitcoin can give everyone an equal chance for financial prosperity, and that the banking of the unbanked is one of the key benefits of Bitcoin adoption.
Mow believes that many countries are now moving towards a Bitcoin standard, and predicts that in five to ten years, all fiat money will be obsolete. He believes that it is better to act now from a position of power and strength and adopt the Bitcoin standard.
Mow has stated that he would love for Mexico to be one of the first countries to adopt Bitcoin. El Salvador recently adopted Bitcoin as legal tender with the vision of helping 70% of its citizens escape the unbanked system. With cryptocurrencies, people can just set up a crypto wallet and send, receive, and send crypto to anyone, despite their economic background.
Compared to traditional banking, sending cryptocurrencies does not necessarily entail possessing a physical home address or official identification documents, which may be unavailable to some individuals from lower-income situations. Mow’s comments come at a time when more and more people are turning to cryptocurrencies as a way to gain financial freedom and inclusion.
The issue of financial exclusion is a serious one, with millions of people around the world lacking access to basic financial services. This can make it difficult for people to save money, start businesses, or even pay for basic necessities. Bitcoin and other cryptocurrencies have the potential to provide a solution to this problem, by offering a decentralized and accessible financial system that is open to everyone.
Mow’s comments highlight the importance of Bitcoin adoption in addressing the issue of financial exclusion. As more and more countries move towards a Bitcoin standard, it is likely that we will see a significant increase in financial inclusion and prosperity around the world. With Bitcoin, everyone has the opportunity to participate in the global economy and achieve financial freedom.