Banks closing in Myanmar as coup gets underway is another example of why a decentralised currency is so important

Ursprünglich erschienen auf: https://www.reddit.com/r/CryptoCurrency/comments/la3rsn/banks_closing_in_myanmar_as_coup_gets_underway_is/

People across Myanmar have been lining up outside ATMs desperately trying to get their hands on their money as banks have closed following the coup.

For many of us who live in more stable countries, the motivation for owning cryptocurrencies may be no other than for speculative investment, but for some people it really can be a matter of survival. Imagine if your bank freezes your account because you said something against the government. That can be a reality for some people, and you never know when you may be in a position similar to that yourself.

Of course, the average person in Myanmar doesn't own any cryptocurrency, but this is an example of the kind of situations where a decentralised currency is so important. It means you're not dependent on your bank- you are your bank. We may still have a long way to go before we see cryptocurrencies being used by your average person for their day to day spending, but thank god Satoshi we now have that as an option. Hopefully we can all be a part of making that day come sooner rather than later.

submitted by /u/crypto_grandma
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