When a serious crisis occurs in a society and people lose not only their rights, freedoms, and accumulated wealth, but are literally deprived of the means of existence, concerned representatives of other societies try in every way to help them. Organizing the provision of humanitarian aid is a difficult task, especially in crisis conditions. But cryptocurrencies can come to the rescue, as they make it possible to provide this aid in the most accessible way.
We are talking about Afghanistan—a country where power was seized by the Taliban terrorist group. The country’s economy has practically come to a standstill, and people have lost access to their deposits and savings. The terrorist regime was subjected to significant sanctions from the West, and although the US President exempted humanitarian aid from sanctions, banks are blocking transactions directed to Afghanistan, and the international payment system SWIFT has simply stopped working within Afghanistan. This has made it practically impossible to provide humanitarian aid to the residents of Afghanistan using classic financial instruments.
Cryptocurrencies came to the rescue, proving to be practically the only way to send funds to the residents of Afghanistan. For example, Fereshteh Forough, an Afghan-American who founded a programming school for women in the Afghan city of Herat, turned it into an improvised crypto-bank. This allowed money to be transferred to the institution’s students, which they can exchange locally for afghanis (the currency of Afghanistan) to buy food and medicine. And Sanzhar Kakar, an Afghan who grew up in Seattle, created the HesabPay mobile electronic wallet for the residents of Afghanistan back in 2019, which also works with cryptocurrencies. As he claims, 88% of families in Afghanistan have at least one smartphone, allowing them to trade, transfer money to each other, and receive transactions from abroad without ever touching banks or the Taliban regime. And this could help save millions of Afghans facing the risk of starving to death. It is also reported that the opportunities provided by cryptocurrencies are being actively studied by international charitable organizations.
Now it should be perfectly clear how cryptocurrencies are capable of saving millions of needy people from certain death. Sometimes cryptocurrencies are accused of being merely a financial pyramid operating for the enrichment of a limited circle of wealthy individuals, and therefore they must be banned for the benefit of ordinary people. Of course, such claims are incorrect, and banning cryptocurrencies is simply impossible, except by completely shutting down the internet. It can be concluded that a person who advocates for the well-being of people and the provision of aid to those in need, but is at the same time an opponent of cryptocurrencies, is completely inconsistent in their reasoning. Cryptocurrencies are a benefit for ordinary people, and especially for those who have fallen into an unenviable position.
