The fight for financial inclusion goes hand-in-hand with the fight for social justice. Marginalized communities, like the LGBTQ+ community, often face discrimination and barriers when accessing traditional financial services.
This can range from difficulty obtaining loans due to lower credit scores to outright exclusion from banking systems in countries where LGBTQ+ identities are criminalized.
With its decentralized and permissionless nature, Bitcoin offers a potential lifeline for these communities, fostering financial empowerment and self-determination.
Traditional financial systems often rely on credit scores and background checks, which can disadvantage marginalized groups.
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