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Elizabeth Stephens

Elizabeth Stephens is Communications Coordinator with global civil society alliance, CIVICUS’  Innovation for Change project.

Cryptocurrency: With Inequality Rising, Citizens Seek Alternative Economies

Cryptocurrencies are helping recipients of foreign aid by allowing them to exchange peer-to-peer, rather than having to transact through corruption-prone bureaucrats.

February 12th, 2018
Elizabeth Stephens
February 12th, 2018
By Elizabeth Stephens
In this Friday, Dec. 8, 2017, file photo, a man uses a Bitcoin ATM in Hong Kong. Bitcoin is the world's most popular virtual currency, but multitudes of alternatives are springing up around the world. (AP/Kin Cheung)

The year 2017 will go down as a particularly tough one for ordinary citizens, particularly in the global South. A sharp rise in government restrictions on fundamental freedoms across regions, as well as in levels of inequality, played a big part in that negative review. According to a recent Oxfam report, 1% of the world’s richest elites now own

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