How bitcoin Can Empower Developing Nations [A college admissions essay OC]

The global crisis I am most passionate about is socioeconomic inequality in developing nations. To imagine that all of your hard work and capital can disappear in an instant due to your governments mismanagement of power is abstract to us in developed nations with strong banking systems. Yet, more than half of the population in developing countries are unbanked. In a world where corrupt governments can simply print money, leading to hyperinflation, there is a need for a solution that is available to all. The solution to this challenge is Bitcoin, it has the potential to solve the greatest problems for those living in developing nations. The implementation of a global currency will give those struggling with hyperinflation, bankless societies, and corrupt government a means of financial inclusion. These limitations of developing nations is what has kept them impoverished for all this time.
Hyperinflation is caused by corrupt governments that print and circulate money for various reasons. One example of hyperinflation is Venezuela's currency, the Venezuelan Bolívar. The Bolívar has the highest inflation rate in the world with an average of 4374% per year from 1973 to 2019. The effects of a crumbling economic system in a developing country is enormous, many lose jobs, savings, and the ability to send and receive payment. To combat the socioeconomic turmoil in Venezuela, citizens are beginning to turn to Bitcoin and other cryptocurrencies as an alternative solution. No matter the choice of Cryptocurrency, they have performed considerably better than the Venezualian Bolívar. In developing countries where citizens do not have access to a central bank there is also a need for financial inclusion. Bitcoin and the blockchain network allows these people to build up credit, savings, and the option of receiving loans. A decentralized financial system paves the way for emerging businesses and customers, bringing a flow of trade to a country with a lack of it. The reason Bitcoin can be used to bring finance to a nation without any is because Bitcoin does not require a bank account. 
As for the blockchain, it is a viable option to counter a corrupt government, with each transaction being secure and publicly recorded. This lack of anonymity makes corruption more difficult than using cash based currency. The great thing about this is that it restores power back into the hands of the people, without the control of government or third parties in peer to peer exchanges.
It is my goal to promote the use of these emerging technologies to the benefit of developing countries. With cryptocurrencies only gaining in popularity over the past decade, there is an incredible amount of potential that is yet to be realized. With innovations in Cryptocurrency's being made every day, I believe that people in developing nations will finally be able to participate in the global economy within our lifetime.