Can Cryptocurrency Help Widen Financial Inclusion Net?

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Can cryptocurrency help widen financial inclusion net?

The steady rise of cryptocurrency has led to people rush toward this new-age and fast-emerging industry.

The lure of high returns and making quick money has attracted a large number of investors, despite the periodical headwinds the industry suffers in the form of market volatility.

Also, the regulatory unpredictability has failed to dampen the spirit of investors, especially those entering the investment sector for the first time.

In this background, the question many people are asking is whether the rise of the cryptocurrency industry can be used to widen the financial inclusion net?

There's no simple answer to that yet. But experts feel the popularity of the crypto industry has definitely increased the curiosity among potential investors and they want to understand financial investment tools better.

Here's how the rising interest in crypto can be used to make people aware of traditional investment tools like mutual funds, equity investments, and fixed deposits?

The Ecosystem

The rise of the crypto industry has created an ecosystem of fintech start-ups, who are using innovative ways to reach out to new investors, surpassing geographical boundaries.

They have been able to attract investors from even the under-banked section of the population in a diverse country like India. Experts believe these large new entrants can be made aware of traditional investment tools – such as mutual funds, and equity investments – using the crypto platforms.

Attractiveness

Young investors are usually don't show much interest in formal investment products and services. But once they have entered the crypto market, they have got a basic understanding of the financial market and thus can be