Why cryptocurrencies can change the life of developing countries users (using eggs as an example).

Greetings from Portugal.

The most innovative aspect of cryptocurrency, in my opinion, is how it allows for direct value transfers between people without the need for approval from a middleman.

Certainly, governments must first issue money before it can be used by people in routine transactions, but the government has no control over what I can do with a $100 bill once I have one. And while it's true that people occasionally use cash to pay for illicit activities, this isn't the currency's fault.

Altough this could be said about every criptocurrency, in order to change peoples lifes, first you got to have 1 dollar to invest.

We can give those persons that dollar with a certain currency.

So, I made some reasearch on what 1 dollar can mean for People in Venezuela, Nigeria and India (I choosed Nigeria and India randomly and Venezuela is a prime example of inflation).

I used eggs as an example. Most people love eggs and they are one of the most common sources of protein in all cultures. They are delicious and cheaper than fish/meat.

Venezuela

according to the website dolartoday.com, which tracks the unofficial exchange rate of the Venezuelan bolivar, as of September 2021, one US dollar could buy approximately 4,240 Venezuelan bolivars on the black market.

However, according to a report by Reuters in July 2021, a carton of 30 eggs was being sold for around 2.7 million bolivars, which is equivalent to approximately 0.64 US dollars at the black market exchange rate. This would mean that one US dollar could buy approximately 47 eggs in Venezuela.

Nigeria

As of September 2021, one US dollar could buy approximately 411 Nigerian naira on the official exchange rate. However, due to the prevalence of the black market, the actual exchange rate could be much higher. According to a report by Vanguard News, a crate of eggs (which contains 30 eggs) was being sold for around 1,350 Nigerian naira in July 2021, which would mean that one US dollar could buy approximately 9 eggs in Nigeria.

India

India is a vast and diverse country with varying costs of living depending on the region. As of September 2021, one US dollar could buy approximately 73 Indian rupees. According to a report by The Hindu Business Line, a dozen eggs were being sold for around 75 Indian rupees in July 2021, which would mean that one US dollar could buy around 9 eggs in India.

Think about it: Having a source of income unrelated to the government can be a game-changer in nations with volatile economy and currencies. They can acquire and hold value using Moons in a decentralized manner that is immune to wild inflation or shady political maneuvers.

I would love to hear community thoughts on this.

Thanks!