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The Role of Cryptocurrency in Economic Development and Financial Inclusion

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Dubai, UAE, 29th May 2024, Cryptocurrencies and the DeFi sector that supports them have emerged as an innovative force that triggered the world of traditional finance, promising new opportunities for economic growth and financial participation on a much broader scale. While conventional financial systems struggle with issues of accessibility, transparency, and inclusivity, crypto offers a compelling alternative that can empower individuals and communities worldwide. Let’s examine how cryptocurrencies help promote economic growth and encourage financial inclusion globally.

The Accessibility of Banking Services

The absence of access to conventional banking services, which is especially evident in developing nations and underserved communities, is a major obstacle to more thorough financial inclusion. An estimated 1.7 billion adults globally are still unbanked, meaning they lack formal financial services such as bank accounts, credit, insurance, etc. As a result, they miss out on life-changing opportunities.

Crypto assets and services provide a decentralized alternative to traditional banking systems, thus enabling individuals to access banking services even if they cannot do so conventionally due to geographical or documental reasons. By being more accessible and inclusive, blockchain-driven finance platforms grant a level of economic independence and empowerment previously unavailable to many. Thus, cryptocurrencies offer a vital lifeline for unbanked and underbanked populations, allowing them to send and receive money, ask for credit, take care of savings, and partake in the global economy. This newfound financial inclusion has the potential to lift millions out of poverty and spur economic growth in regions lacking traditional banking infrastructure.

Transferring Value Across the Globe

One aspect of banking that is especially crucial for many communities is transferring value across countries. Remittances are essential for many developing economies as they serve as a financial lifeline for millions of families through money transfers sent by migrant workers. However, traditional remittance channels are often costly, slow, and inaccessible to individuals without bank accounts. Cryptocurrencies present a feasible alternative for payments and remittances, both within a country and cross-border, allowing people to send money rapidly, securely, and often much cheaper than traditional services. 

Cryptocurrencies streamline the remittance process by utilizing blockchain technology and bypassing intermediaries. Therefore, they can reduce both fees and transaction times significantly while enhancing accessibility for recipients. For individuals in developing countries dependent on remittances for their livelihood, crypto products and services offer a more cost-effective and fast means of receiving funds, enabling them to promptly address their financial conditions and improve their quality of life.

A Driver Behind Opportunities

Access to extra capital is a fundamental driver of economic development, enabling individuals to start businesses, invest in education and training, and pursue entrepreneurial opportunities. However, traditional financing options, such as bank loans and venture capital, are often out of reach for many aspiring entrepreneurs, particularly in developing economies.

The crypto industry can also help with that by democratizing fundraising and investment opportunities. By tokenizing assets and creating their own tokens on blockchain networks, struggling entrepreneurs have the chance to secure funding from investors worldwide, avoiding the need to go through traditional financial mediators and regulatory obstacles.

Moreover, decentralized finance (DeFi) apps and platforms allow easier access to other financial services, such as lending, borrowing, and trading, helping individuals to borrow capital and gain new income streams without traveling to the nearest bank chain or waiting to receive certain documents. Consequently, the DeFi sphere can unlock new options for ordinary individuals and entrepreneurs, driving economic growth and job creation in underserved communities and catalyzing innovation and entrepreneurship in developing economies.

Final Thoughts

Crypto has already started to impact communities across the globe, and it is only the beginning. While it also presents several challenges that need to be addressed and managed, including regulatory uncertainty, cybersecurity risks, and volatility, the transformative potential of cryptocurrencies and related services in fostering economic development and financial inclusion cannot be overstated. By harnessing the power of blockchain technology to build more inclusive and accessible financial systems, we can empower even more people around the planet to participate more fully in the global economy and achieve greater economic security and prosperity.

Kinetex Network: Website | Kinetex dApp | Blog

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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

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Thunderball Results: Your Ultimate Destination for Real-Time Updates and Insights

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Thunderball is proud to announce itself as the ultimate online destination for thunder ball enthusiasts, offering the latest and most accurate results immediately after every draw. Whether you’re a regular follower or an occasional visitor. At thunderball results, we have a singular mission to ensure that Thunderball enthusiasts have easy access to the most recent and comprehensive results. It is designed with you in mind. We understand that the thrill of the game doesn’t just come from playing, it comes from waiting with bated breath for the results, and we make sure that wait is as short and stress-free as possible.

With the growing number of websites providing information on the internet, what sets us apart is our dedication to delivering accurate, timely, and accessible updates. We know how frustrating it can be to scour the web for reliable information or to miss out due to delays. That’s why our team works diligently to update results immediately, ensuring you have access to the latest information in real-time. 

Moreover, our platform offers more than just the most recent numbers. We provide a comprehensive archive of past Thunderball draws, allowing users to track patterns, revisit results, and strategize their future plays. 

What You Can Expect from us;

1. Timely Updates: One of the standout features of our platform is our commitment to offering timely updates immediately after each Thunderball draw. Our team stays on top of every draw, ensuring the winning numbers are posted on the site as soon as they are available. Say goodbye to long waits and misinformation—we deliver accurate results, fast.

2. Expert Analysis: We believe that informed players are better players. That’s why Thunderball results goes beyond the numbers to offer detailed analysis and valuable insights. Our expert team provides in-depth statistical breakdowns, offering users a chance to understand trends, hot numbers, and other factors that could impact future games.

A User-Friendly Experience

Our website has been designed with simplicity and efficiency at its core, so players of all levels can find what they need quickly and without hassle.  

We’ve also optimized the platform for mobile use, so whether you’re at home, commuting, or out with friends, you can check the latest results and never miss a moment of the action. As part of our commitment to accessibility, Thunderball Result is compatible with all devices, ensuring you can stay connected wherever you are.

About Thunderball 

Founded with the mission of creating an online hub for thunderball enthusiasts, Thunderball results has rapidly become the go-to destination for lottery players across the UK. We recognize that the key to a satisfying lottery experience is reliability, and our platform reflects that commitment through real-time updates, comprehensive data archives, and in-depth insights.

Our team is made up of passionate lottery fans and tech experts who understand the importance of providing quick and accurate information. Since launching, Thunderball Results has garnered a loyal following by consistently delivering results in a timely and efficient manner, making it a trusted resource for thousands of players every day.

At Thunderball Results, we’re more than just a results platform—we’re a community built around the excitement of the thunderball game. Whether you participate regularly or just enjoy checking the results, we invite you to join us to stay up to date with the latest thunderball draws and immerse yourself in a supportive and engaging community. For more information, visit https://thunderballresults.uk and follow us on social media for the latest news, updates, and winning numbers.

Contact details 

Company name: Thunderball Results 

Website link: https://thunderballresults.uk  

Contact email: info@thunderballresults.uk  

Country: United Kingdom 

City: London 

Contact person name: Thomas Ferguson

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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

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Champ, America’s Loch Ness Monster ‘spotted’ in drone footage from filmmakers

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Champ, is that you?

Since the 1600’s, tales of a mysterious sea serpent named Champ, named after explorer Samuel de Champlain, have been part of the folklore of the Lake Champlain region. The lake borders New York and Vermont. Champlain and the Abenaki tribe were the first sightings of Champ in the historical record.

Champ remained elusive. The only notable visual evidence was a photo taken in 1977 by Sandra Mansi.

Until now.  For the first time in history, a video that allegedly captures the legendary lake monster on film is being hailed as the “most notable visual evidence” of Champ. Some compare it’s impact to the Patterson-Gimlin film impact on the Bigfoot cryptozoology community.

Independent filmmakers Kelly Tabor and Richard Rossi were shooting a fictional film ‘Lucy and the Lake Monster’ about a 9-year-old girl and her grandfather looking for Champ, a legendary lake monster rumored to live and lurk in the murky waters of Lake Champlain.  The film is based on their bestselling book of the same title.

As part of their shoot, their cameraman sent a drone above the lake in Bulwagga Bay, and what they saw in post-production stunned them.

They posted ten seconds of what is now known as the Tabor-Rossi footage on YouTube and 36,000 views later, it has provoked discussion and debate about what appears to some to be a plesiosaur swimming below the lake’s surface, behind a boat containing the two lead actors in their film, Emma Pearson and Richard Rossi.  The footage of the plesiosaur can be seen here: https://www.youtube.com/watch?v=Dkpzfqlt3PI.

(Plesiosaurs are a sea creature from the dinosaur-dominated Mesozoic era.)

Tabor and Rossi’s recent interview on the Cryptid Creature podcast was posted on Spotify. The duo submitted their footage and story for assessment by the two hosts, Todd Stevens and Brian Brock.  Stevens eloquently summed up his conclusion, affirming the veracity of the footage.

“The creature is bigger than the boat, fifty yards behind the boat, Stevens said.  “It has a plesiosaur body. It is not sturgeon, or multiple sturgeon. It is one large body moving.” The entire Cryptid Creatures interview with Tabor and Rossi can be heard here: https://play.cdnstream1.com/s/streamkastplus/cryptid-creatures/the-lake-champlain-monst-5a5bbe

Tabor first spotted the creature in the footage, editing on her large screen T.V.  “It’s poetic that Kelly saw it first,” Rossi said. “She has been looking for Champ for over fifty years.” Tabor grew up in a cabin on Lake Champlain in Crown Point, New York.

“We inadvertently caught this on camera,” Tabor said. “We weren’t trying to.”

If Kelly Tabor is the true believer of the screenwriting team, her writing partner Richard Rossi is the Doubting Thomas, insisting on the footage being evaluated by scientists with a doctorate in science and to prepare a report for peer review in 2025.

“I’m the more skeptical one compared to Kelly,” Rossi said.  “But there’s definitely something there.”

The filmmaking crew was so busy filming the movie, they didn’t catch the anomaly in the footage until later, in the post-production editing stage.

Multiple versions of their footage are now on Pinterest and YouTube as cryptozoologists use their tech savvy to zoom in on the Champ image, and use coloring to do morphological enhancements and evaluations.  

The Tabor-Rossi Champ footage is incorporated into their fictional film, ‘Lucy and the Lake Monster,’ at about the four-minute mark of the film. The movie has screened in theaters in New York, New Jersey, Vermont, Pennsylvania, California, and South Carolina.  This month, it won 12 awards in film festivals.  It will be released on DVD and streaming next year.

“As filmmakers, our primary focus is on the art form itself.  We don’t respond too much to the debate around the footage,” Rossi said. “We try to focus on doing the best job we can in our screenwriting, acting, cinematography, and music.  It’s nice that Champ has blessed us with the benefits of headlines that let people know about our book and the film, but at the end of the day, our focus is on showing the film and writing the next sequel. Champ has been a great publicist.”

“Champ is also one of the biggest stars in our new film,” Tabor added.

Media Contact:

Reporter Christy Collins

richardrossilive@gmail.com

https://www.lucyandthelakemonster.com/ 

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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

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Press Release

This December, Meet Barracuda Coin The Next Big Crypto

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Since its inception in February 2023, Barracuda Coin has been preparing for a highly anticipated launch, positioning itself as a prominent player in both the cryptocurrency and sports sectors. Backed by significant sponsorship deals with numerous sports events, Barracuda Coin is poised to make an impactful entrance into the crypto space, aligning itself with the competitive energy of professional sports.

Ethereum-Based Token with a Strong Focus on Sports

Barracuda Coin is built on the robust Ethereum blockchain, ensuring security and reliability for all transactions. With a total supply of 75,000,000 tokens, Barracuda Coin is already gaining traction through its involvement in MMA and K1 sports sponsorships and has established itself as a key sponsor for numerous professional sports events.

In tandem with the coin’s launch, Barracuda Coin will release a unique NFT collection featuring high-performing athletes, giving fans and collectors a unique opportunity to own exclusive digital assets tied to their favorite sports icons.

Staking Program for Early Investors

To reward early supporters, Barracuda Coin is launching an attractive staking program with two levels of rewards:

  • Investors who join during the reservation phase will receive 75% monthly interest for 6 months.
  • Those participating in the presale will enjoy a 30% monthly interest over the same period.

Important Dates and Pricing

  • Reservation Phase: Beginning on November 4, 2024, and running through November 28, 2024, the price per Barracuda Coin (BARR) during this period will be $0.019.
  • Presale Phase: After the reservation period ends, the presale will begin at $0.05 per token, gradually increasing up to $0.15.
  • Official Launch: Scheduled for December 23, 2024, with the token price projected to reach $0.36.

Barracuda Coin and Pay-Per-View Entertainment

Designed with the entertainment and sports industry in mind, Barracuda Coin is set to seamlessly integrate with the pay-per-view model, making it the ideal token for fans. With fast, secure, and transparent transactions, Barracuda Coin will allow users to easily access premium sports content and live events, bypassing the challenges of traditional currency exchanges.

About Barracuda Coin

Barracuda Coin is more than a cryptocurrency; it’s a platform connecting the worlds of sports, crypto, and digital assets. Focused on creating a space for sports enthusiasts, collectors, and investors alike, Barracuda Coin offers a comprehensive platform that includes a strong staking program, an exclusive NFT collection, and seamless integration with pay-per-view sports. With these innovative offerings, Barracuda Coin is set to establish itself as a leader in both the cryptocurrency and entertainment sectors.

Register and Be Part of the Barracuda Coin Community

Investors are encouraged to participate in the reservation phase to secure tokens at the lowest price and maximize staking rewards. For more information, visit https://barracuda-coin.io/

Media Contact:

Barracuda Coin

support@barracuda-coin.io

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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

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