Stranded Palestinians in the Gaza Strip have reportedly shown an increasing appetite for cryptocurrencies.
Numerous Palestinians in the blockaded enclave of Gaza have lost their lives due to the Israeli-Palestinian conflict, while others are on the edge of survival.
The United Nations got involved to prevent what seemed like the start of a major military conflict. The organization created a Partition Plan for Palestine that could split the land into two independent Arab and Jewish states, while Jerusalem would have a Special International Regime. The plan never saw the light of day, provokingViolence continued to reign in the area in the following decades.
Most young people are unemployed, and the domestic economy is totally crippled. It seems logical that locals would seek alternatives to preserve and generate some wealth amid the chaos, and here comes crypto.The National News interviewed some residents of the Gaza Strip andOne of the participants, Noor, said her lifestyle completely changed once she started learning about digital currencies.
“I believe the decentralized bank status of crypto is encouraging enough for us [Palestinians] to have an income through a safe and freelance platform,” said Kareem – a resident of Gaza who also invests in bitcoin.
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