The number of Salvadorians who engaged in financial activities increased after bitcoin adoption

According to Cathie Wood, El Salvador’s acceptance of bitcoin has boosted the number of citizens who can use financial services.

In the long run, Ark’s CEO believes that investing in innovation would benefit people all across the world.

According to Wood, mobile phone technology has enabled billions of people throughout the world to get access to financial services.

 

El Salvador’s ambitious bitcoin aspirations may have hit a snag as a result of the cryptocurrency crash, but Cathie Wood of Ark Invest has something nice to say about them.

  1. When questioned if the financial industry contributes to wealth inequality, Wood told Time magazine that investing in innovation over time will improve people’s lives all over the world.
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