No, and underprivileged citizens deserve the same financial opportunities and services that traditional banks offer the wealthy
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11 Replies
@BB28TSD 5mos5MO
Just because a person makes less money than another doesn't mean they should not have the same opportunity to become wealthy that people who already are wealthy have. My opinion is that the right to the same services and opportunities should be protected under an equal rights agreement.
@BB3LZDT5mos5MO
@B9PSF265mos5MO
@B9NT6KH5mos5MO
Millions of people in the U.S. and worldwide lack access to traditional banking, leaving them without basic financial services. Cryptocurrencies allow anyone with a smartphone and internet to send, receive, and store money, lowering barriers for the underbanked. Rather than restricting crypto, thoughtful policies can help ensure underprivileged citizens gain the same financial opportunities that wealthier people already enjoy.
@B9KC97N5mos5MO
@BCXJL5H2mos2MO
@BBN32LY4mos4MO
I think that if you are underprivileged and have not worked hard and aren’t actively trying to contribute to society you don’t deserve the same treatment that people who deal with crypto do as they are risking their financial security but if you are working in society and paying tax and struggling to make ends meet I think you deserve some sort of allowance in order to keep you employed and able to pay rent while the banks should be controlled on what they give to cryptocurrencies
@B9RP8J65mos5MO
@B974SH2Independent6mos6MO
@B96DJS26mos6MO
1. In the U.S., about 4.2% of households don’t have a bank account at all, and an additional 14.2% are underbanked. These gaps are even larger among marginalized communities. 10.6% of Black households and 9.5% of Hispanic households lack access to basic banking. Globally, roughly 1.4 billion adults lack any formal bank account.
2. Traditional banks often require paperwork, credit history, minimum balances, and proof of address. These disproportionately affect the poor, immigrants, and rural populations.
3. Cryptocurrency and decentralized finance (DeFi) on blockchain can offer things pre… Read more
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