Davos economic expert: cryptocurrency blockchain economy is booming in developing countries

According to Cryptonews, at the World Economic Forum in Davos, a panel of economists discussed that digital finance, cryptocurrencies, and economics powered by blockchain technology are sweeping the markets of developing countries without challenge. They believe that fintech businesses and cryptocurrencies are booming in emerging markets, rather than fighting alongside banks and traditional financiers. Economists say digital disruption is not even possible because there is no "no mature financial system to disrupt." Among them, Keyu Jin, a professor of economics at the London School of Economics (LSE), said, "In fact, digital services are actually filling, not disrupting. China is one of the leading examples of developing countries having some of the leading technologies in fintech. Very Clearly, this highly integrated system has helped rural areas and helped small businesses. "