Kripton: Quiet Cryptocurrency Comes Back with a Bang

Many parts of the world, including Western Europe and North America, have seen a constant increase in living standards in the last two centuries. Looking at the GDP alone, one can see the changes that have taken place in the developed world. For example, between 1820 and 1998, the GDP in the US went up by a factor of 22. Countries in Western Europe, including the United Kingdom and Finland, reported just as significant increases. Unfortunately, the growth has not been as significant in other parts of the world, resulting in substantial human costs.

It is not uncommon for well-to-do countries to help others in Africa and Asia, although such efforts have proven to be inefficient in raising living standards. There are many reasons for the failure, but there is a recognition that some of the tools used in the attempts were inappropriate. There is a need to find new tools for improving the standards of living in Africa and Asia. The World Bank has been pushing for financial inclusion for a while now to reduce poverty and promote inclusive growth. Financial inclusion, of course, demands that friendly financial services are availed in those under-developed parts of the world.

While the under-development in Asia and Africa is overwhelming, it also provides plenty of room to grow. Imagine the changes that could be made in just 50 years…