We make news: owner of Cardano believes cryptocurrency will help residents of Afghanistan

We make news: owner of Cardano believes cryptocurrency will help residents of Afghanistan

The seizure of power by the Taliban in Afghanistan remains one of the hottest topics. Recall that an extremist group has established control over the republic and citizens, no matter how hard they try, cannot leave Afghanistan. However, today the founder of Cardano Charles Hoskinson, Afghans will use cryptoassets as a store of value and preserve financial privacy in the face of a sharp rise in the Taliban regime.
However, he also believes the Taliban will also take advantage of digital assets.
The businessman believes that digital assets can play an important role in providing financial privacy to Afghan citizens. While specific speculations about how cryptocurrencies will benefit Afghan society have been scarce, the introduction of digital assets would have allowed Afghan citizens to avoid Taliban attempts to track personal spending or confiscate their crypto assets. It is difficult to understand how it is possible to use electronic assets if the country has introduced total control over the Internet, many residents do not have personal computers, and cannot use any other, since they do not leave their homes.
Concurrently with many local bank accounts frozen at the direction of international aid organizations and the United States, Western Union also suspended service in the country until further notice last week, limiting the funds available to Afghan citizens seeking to transfer their assets overseas.
“Western Union understands that people urgently need funds and we intend to resume operations for our clients in Afghanistan, if conditions permit,” the company said in a statement.
At the same time, there are already many organizations that have switched to accepting cryptocurrencies in order to facilitate the financing of basic needs and medical care for the Afghan people, and it remains to be hoped that the situation, if not stable, will not spread to neighboring countries.
02.09.2021