Popularity of crypto growing in Afghanistan

avatar

cryptonews_20220109.png

In Taliban-controlled Afghanistan, financial stability is hard to attain, to put it mildly. The extremist regime in change is unpredictable and can not be counted upon to maintain a currency safe from value fluctuations.

This is nothing new for the Afghans. But whereas in the past they tried to remedy that by just keeping a few dollars under the mattress, now more and more of them favor crypto, specifically Tether (USDT) for its direct correlation in value to the US Dollar.

This is a sea change in perception and clearly shows the expanding and growing power of crypto technologies, now reaching into some of the least developed and most conservative areas of the world.

References

Report: Afghans Use Crypto to Curb Taliban's Influence on Their Financial Well-Being
Terence Zimwara, Bitcoin.com, 25 April 2022

Social media links

Locals

Substack

Gab

Minds

Gettr

Website

borisepstein.info

Support

Subscribestar

Patreon



0
0
0.000
3 comments
avatar

pixresteemer_incognito_angel_mini.png
Bang, I did it again... I just rehived your post!
Week 103 of my contest just started...you can now check the winners of the previous week!
14

0
0
0.000
avatar

Cryptocurrencies will be the savior of third world countries.

0
0
0.000
avatar

Very possibly so,

It is a very interesting experiment we get to witness.

0
0
0.000