# Why Crypto Matters 🌍 

**Published by:** [Curiosity Wormholes](https://paragraph.com/@curiosity-wormholes/)
**Published on:** 2023-01-12
**URL:** https://paragraph.com/@curiosity-wormholes/why-crypto-matters

## Content

There are 1.7 billion adults globally who don’t have access to fundamental services like payments, borrowing, and lending money. In Latin America, around 20% of adults are unbanked. While in Sub-Saharan Africa, around 40% of adults are unbanked. It’s easy to take this for granted in most developed countries, where financial access and smartphone penetration are near-universal. Hundreds of millions of these unbanked people are beginning to adopt smartphones, which empowers them to access open crypto-financial infrastructure. Something tells me that ♦ and ฿ will change the world for the better ($18,141 and $1,400 at the time of writing).

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