What is the social impact of widespread cryptocurrency adoption?

[XKUBI]

The widespread adoption of cryptocurrencies can have several social impacts, both positive and negative. It's important to note that the impact can vary depending on the region, regulatory environment, and specific characteristics of the cryptocurrencies involved. Here are some potential social impacts:

Positive Impacts:​

1. Financial Inclusion:
   • Cryptocurrencies can provide financial services to unbanked or underbanked populations, allowing them to participate in the global economy.

 

[Suba]

Of course, the increasingly widespread use of crypto will greatly influence social change for individuals and society, not only is it focused on fiat money which is easily counterfeited, but crypto is also used as a commodity for both trading and investment. The bad thing about the social impact on crypto is that no third party can controlling crypto circulation unlike fiat money which is controlled by central banks.