Read the article “The 7 Major Flaws of the Global Finance System,” by Jeff Desjardins in Visual Capitalist, February 13, 2019. [https://www.visualcapitalist.com/7-major-flaws-global-financial-system] Be sure to look at all three parts of the article.
According to the article, the seven flaws are as follows:
1. Billions of people remain unbanked.
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2. Global financial literacy remains low.
3. High intermediary costs and slow transactions.
4. Low trust in financial institutions and governments.
5. Rising global inequality.
6. Currency manipulation and censorship.
7. The buildup of systemic risk.
For this paper, you are to prepare an essay focusing on all seven (7) of the identified flaws. Your essay should incorporate the learning that you have acquired in this course during the semester. Speak about how bitcoin can help the unbanked, and also how bitcoin can solve ALL these problems.
The essay should be between five- and ten-pages in length. It should be typewritten on 8 ½ by 11-inch paper, double-spaced, with one-inch margins all around, using Times New Roman, 12-point font, no title page, your name and the title of the essay on the first page, pages numbered at bottom center.