Updated On: 02 January, 2022 07:57 AM IST | Mumbai | Team SMD
Zebpay’s VP of Research and Development Prashanth Irudayaraj believes the major beneficiaries of crypto currencies will be the poor who will lose less of their earnings to layers of exploitative middlemen

Prashanth Irudayaraj. Pic/Anurag Ahire
I’m always optimistic about the power of technology to make the world better, and distributed ledger technology (the broader term for the technology behind crypto) is no different. Much like the printing press enabled modern democracies, or the Internet which democratised access to knowledge, DLT is reducing the cost of trust.
I urge you to ignore the rampant speculation and hype around crypto currencies and focus on the bigger picture, one where DLT systems eliminate middlemen and allocate and preserve more of the value to makers, the people building and creating real value. The major beneficiaries of this will be the poor who will lose less of their earnings to layers of exploitative middlemen.