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Blockchain, Cryptocurrency Exchange, Featured, Press Release

The Importance of Crypto and Wallet Services for Developing Economies

Political and socio-economic factors are the most common deterrents to the growth of developing economies. The situation often escalates into a crisis decreasing the value of their currencies. The increasing global adoption of crypto and wallet services offers effective roadblocks against inflation, and the significance is well-understood by the youth. 

CEO Speak

Eminent blockchain pioneer and HashCash CEO, Raj Chowdhury, advocates cryptocurrency adoption. He had been a critic of nations trying to curb the growth of cryptocurrency in the past while praising smart financial practices by young crypto investors. Recently, he explains why crypto exchanges and wallet services are crucial for emerging economies leaning towards cryptocurrencies.

“When the rate of crypto adoption scales, as it has in some of the struggling nations of Africa, there is a certainty of generating specific demands. A crypto wallet and exchange service are crucial for holders’ secure storage and easy liquidation purpose.”

 Also Read: Financial Literacy Programs are Key to Financial Planning

White Label Crypto Exchange and Wallet Services

Chowdhury mentions further, “The sweeping victory of digital currency in the face of stiff opposition and conservative views point to a gulf of opportunities presented by  the fintech sector.” 

It may seem overwhelming, but entrepreneurs looking forward to launching a crypto asset exchange can actually bypass the tedious development phase altogether. White label cryptocurrency exchange architecture and wallet software help prospective buyers save time, capital as well as human resources.                      

Inviting Entrepreneurs for Crypto Business Opportunities

Current global events make it the best time to set up a cryptocurrency exchange. Remittance savings and trading opportunities provide attractive scope for business with reasonable capital investment. Decentralized crypto exchanges and wallet service facilities provide some of the best returns in investment, enticing entrepreneurs worldwide.

“The time is ripe for entrepreneurs, especially in emerging countries, to make a decisive judgment as to where to channel their capital,” states Chowdhury. 

Also Read: HashCash Presents HC Remit: A Complete Solution for Cross-Border Remittance

Wrapping Up

Timely investments result in higher ROI and positive national economic growth. The exponential growth of cryptocurrency and its countless benefits indicate one thing. Now is the best time to invest and pull up your own startup.

Source: https://finance.yahoo.com/news/crypto-wallet-services-crucial-developing-080000577.html

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