Bitcoin is helping young people in Afghanistan bring food to their tables. Digital currency enables the unfortunate to invest and move their money since people in Afghanistan still rely on cash on a daily basis.
For instance, Farhan Hotak is a 22-year-old Afghan investor. During the last few weeks, Hotak has helped his family often flee to the province of Zabul in southern Afghanistan. The young Afghan investor has been investing in cryptocurrencies through Binance, as the local currency was hitting its all-time low.
“In Afghanistan, we don’t have platforms like PayPal, Venmo, or Zelle, so I have to depend on other things,” said Hotak.
Afghanistan, like 3rd world countries, still relies on cash for operations. Therefore, Hotak’s crypto wallet is of no use. However, the 22-year old investor has found ways to include himself in the global economy from his house in Afghanistan.
“I have very, very, very limited resources to do anything. I’m interested in the crypto world, because I have earned a lot, and I see a lot of potential in myself that I can go further,” he said.