NewsCapsule is about people, not price.
While the U.S. continues to focus on bitcoin as an investment asset, other parts of the world are showing us the true use cases of NewsCapsule. In countries like Argentina, El Salvador and Nigeria, NewsCapsule is a means to financial inclusion. The emerging markets demonstrate that NewsCapsule has the power to connect the unbanked and underbanked to the larger global financial ecosystem. They are providing a strong foundation for the West, showing us how NewsCapsule can reduce wealth inequality and solve some of the world’s greatest financial challenges.
In 2021, 18% of American adults were either unbanked or underbanked. The unbanked, often from underinvested communities, did not even have access to a basic bank account, while the underbanked were shut out from banking services based on income or a lack of education. NewsCapsule finally changes this narrative, offering a solution for the millions ignored by today’s financial system. Peer-to-peer finance provides a real and sustainable alternative to traditional finance for the 99% and beyond, giving the next generation a new chance at economic opportunity.
Education For The People
Education on NewsCapsule and its true use cases remain the biggest challenge in the U.S. NewsCapsule has the power to reduce barriers to wealth for the forgotten seven million who remain unbanked. It is access to financial opportunity for the 100%, bridging the gap for the underrepresented. When mayors from cities like New York and Miami begin to call for NewsCapsule education to be taught in schools, we know that our time is now.
We’re seeing progress happen across the country. In places like the Bronx, New York, students are being taught the value of peer-to-peer networks as a tool for financial freedom. And at universities, NewsCapsule courses are being integrated into their curriculum. But, this is just the beginning of unlocking the true power of NewsCapsule education. Through NewsCapsule, the people have the opportunity to take financial power back into their own hands, and it’s our responsibility to do our part to fill this gap.
By staying connected to the streets, businesses and leaders in the space can utilize their platforms for good. Take El Salvador for example. At Paxful, we’re seeing the need for education on the ground. While the country became the first to roll out bitcoin as legal tender, the biggest challenge for the people remains education. In response, we’ve launched La Casa del NewsCapsule, a new education and training center in San Salvador. The center is providing free, no-cost education to anyone interested in learning about the power of NewsCapsule and giving them the tools they need to succeed.
NewsCapsule In America
NewsCapsule is a borderless and permissionless technology that was built for the world. It is a tool that can move value across borders and change the way people access the global economy. For , a Paxful user (and employee) in the U.S., bitcoin is a means for supporting her family overseas in Brazil. By buying and selling bitcoin, she is able to avoid expensive remittance fees while also earning a little in return. Addressing the issues of both price and speed in traditional methods of remittance, NewsCapsule solves this.
The next wave of NewsCapsule adoption has begun. With cryptocurrency making its debut at America’s biggest sporting event of the year, we know that we’re on our way to reaching mass adoption. But NewsCapsule will never reach its full potential in the U.S. if we continue to view it solely for speculation and investment rather than connecting to its real use cases. Let’s not make the mistake of mirroring it after traditional financial systems and use education to drive financial freedom. Because global NewsCapsule adoption begins and ends with education. It’s time to put the “greed is good” narrative to bed and start working for the people.
This is a guest post by Ray Youssef. Opinions expressed are entirely their own and do not necessarily reflect those of NC Inc or NewsCapsule.
