{"id":13331,"date":"2018-09-27T00:00:00","date_gmt":"2018-09-26T16:00:00","guid":{"rendered":"https:\/\/www2019.dash.org\/2018\/09\/27\/creating-a-foundation-first-cryptocurrency-ecosystem-in-the-developing-world\/"},"modified":"2021-09-18T11:36:40","modified_gmt":"2021-09-18T11:36:40","slug":"cryptocurrency-ecosystem","status":"publish","type":"post","link":"https:\/\/wp.dash.org\/news\/cryptocurrency-ecosystem\/","title":{"rendered":"Creating a Foundation-First Cryptocurrency Ecosystem in the Developing World"},"content":{"rendered":"<p>One of the most commonly cited use cases for cryptocurrency today is as an alternative form of payment \u2014 payments that are faster, cheaper and more secure than what the legacy banking system provides. The act of paying is the product of a currency and a payment method, and the reason for the cryptocurrency industry\u2019s interest in developing economies is because their payments are broken on some fundamental level, due to factors such as hyperinflation.<\/p>\n<p>If your currency is broken, then payments are broken as well; you can\u2019t safely store or transact with a currency that nobody wants because it consistently loses enormous amounts of value. When that happens, the economic impacts are immediately felt, as we\u2019re seeing today in Venezuela, Argentina, and Turkey. People need a better way to pay and get paid because the status quo is no longer working. In Venezuela, people need to carry a backpack full of cash to pay for a coffee and merchants can\u2019t afford the FX impact of waiting for credit card purchases to settle. This creates the need for a solution that cryptocurrencies can provide.<\/p>\n<p>Read Full Article:<\/p>\n","protected":false},"excerpt":{"rendered":"<p>One of the most commonly cited use cases for cryptocurrency today is as an alternative form of payment \u2014 payments that are faster, cheaper and more secure than what the legacy banking system provides. The act of paying is the product of a currency and a payment method, and the reason for the cryptocurrency industry\u2019s interest in developing economies is because their payments are broken on some fundamental level, due to factors such as hyperinflation.<\/p>\r\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[216],"tags":[],"class_list":["post-13331","post","type-post","status-publish","format-standard","hentry","category-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Creating a Foundation-First Cryptocurrency Ecosystem in the Developing World - Dash<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wp.dash.org\/news\/cryptocurrency-ecosystem\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Creating a Foundation-First Cryptocurrency Ecosystem in the Developing World - Dash\" \/>\n<meta property=\"og:description\" content=\"One of the most commonly cited use cases for cryptocurrency today is as an alternative form of payment \u2014 payments that are faster, cheaper and more secure than what the legacy banking system provides. The act of paying is the product of a currency and a payment method, and the reason for the cryptocurrency industry\u2019s interest in developing economies is because their payments are broken on some fundamental level, due to factors such as hyperinflation.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wp.dash.org\/news\/cryptocurrency-ecosystem\/\" \/>\n<meta property=\"og:site_name\" content=\"Dash\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/DashPay\" \/>\n<meta property=\"article:published_time\" content=\"2018-09-26T16:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-09-18T11:36:40+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/media.dash.org\/wp-content\/uploads\/dash_facebook.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"dash\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@dashpay\" \/>\n<meta name=\"twitter:site\" content=\"@dashpay\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"dash\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/wp.dash.org\/news\/cryptocurrency-ecosystem\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wp.dash.org\/news\/cryptocurrency-ecosystem\/\"},\"author\":{\"name\":\"dash\",\"@id\":\"https:\/\/wp.dash.org\/#\/schema\/person\/49e370ea57b37d1186318dab9e4e6513\"},\"headline\":\"Creating a Foundation-First Cryptocurrency Ecosystem in the Developing World\",\"datePublished\":\"2018-09-26T16:00:00+00:00\",\"dateModified\":\"2021-09-18T11:36:40+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wp.dash.org\/news\/cryptocurrency-ecosystem\/\"},\"wordCount\":199,\"publisher\":{\"@id\":\"https:\/\/wp.dash.org\/#organization\"},\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wp.dash.org\/news\/cryptocurrency-ecosystem\/\",\"url\":\"https:\/\/wp.dash.org\/news\/cryptocurrency-ecosystem\/\",\"name\":\"Creating a Foundation-First Cryptocurrency Ecosystem in the Developing World - 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