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RE: IMF Foresees the end of Banking and Triumph of Crypto
I have no much idea how it could eliminate the disparity between the rich and the poor, but crypto definitely is safer, easier than fiat currency. I believe Crypto currency will live forever from hereon. :)
It will help to a large degree in helping the equalizing of wealth distribution in several ways. Under our current monetary system the wealthy and favored corporations get low interest or "free' money first. They are closest to the money spigot. They have first access to funds where we may not even get close. Crypto currencies will prevent that prejudiced money access. Crypto also eliminates the parasitic middle man in finance because of it being peer to peer. Crypto being a "trust less" system means that you will not have predatory lending practices where lower income have triple interest rates over the privileged (places like instant cash loans or car title loans).
Oh wow! Yes. Thanks.
Maybe with coins like FairCoin?