The growth of cryptocurrencies in developing countries, such as Southeast Asia and Latin America, is striking, yet it faces serious integration challenges.
Challenges of Accessing Crypto Assets
Despite the active adoption of cryptocurrencies, users in developing countries face problems. They may own digital assets but lack access to essential financial tools, creating an infrastructural gap. This paradox leads to a situation where millions cannot utilize their digital assets in practice, even with funds available.
Payments as the Key to Financial Inclusion
For many developing countries, stablecoins serve as a vital tool for financial stability. However, accessing and using these assets requires overcoming numerous hurdles, such as insufficient access to banking services and high transaction fees. The current state of payment infrastructure in these regions makes it difficult to utilize stablecoins in everyday life.
The Need for a Complete Financial System
Currently, most existing solutions provide only a partial answer by allowing users to convert local currency to digital assets, but they do not offer adequate means to use these assets in the real economy. A complete integration of cryptocurrencies into daily life requires the establishment of a unified system that provides users access to both traditional and digital financial services.
The implementation of a complete financial system that merges traditional and digital finance is a crucial step toward eliminating existing barriers and ensuring the accessibility of financial services for the populations of developing countries.
