21 Global Human Rights Defenders from Europe, Africa and South America Support Bitcoin

Bitcoin

Human rights advocates from around the world have come together to write an open letter to US Senators and Congressmen, advocating for Bitcoin as a useful agent for suppressed populations.

The letter’s authors are collecting signatures on their webpage through June 14, and it includes personal accounts of how digital assets have been used in countries with hyperinflation or conflict.

“I think as Americans, although we have an understanding of global affairs, it can be difficult to really put yourself in the shoes of another living in a world so different from ours. Recently, inflation has wreaked havoc in the U.S. It’s easy to forget that some countries have been dealing with hyperinflation for years and years,” said Richard Gardner, CEO of Modulus, an American developer of trading technologies and ultra-performing surveillance that power global equities, derivatives and digital asset exchanges.

“We are 21 human rights defenders from 20 countries around the world who have dedicated themselves to the struggle for freedom and democracy. In this struggle, we have relied on Bitcoin and dollar instruments known as stablecoins, as have tens of millions of others living under authoritarian regimes or unstable economies,” the letter began.

“The letter is testament to the specific ways in which digital assets have truly provided sanctuary for ordinary citizens everywhere. From Nigeria to Cuba, from Turkey to Venezuela, digital assets serve a real purpose,” Gardner noted.

“What I find so powerful about this letter is that it doesn’t just rebut the anti-crypto letter from IT and tech people. This explains something that so many people overlook. IT professionals who embrace the anti-crypto letter usually come from politically and economically stable countries. They don’t have to worry about the harsh realities of dictatorships or misogynistic financial policies. They don’t rely on predatory money transfer companies to ensure their families are fed. And so if they can’t understand the predicament, they can’t understand the value of digital assets,” Gardner said.

Modulus is known in the fintech segment as a leader in the development of ultra-high frequency trading systems and blockchain technologies. Modulus has provided its exchange solution to some of the most profitable digital asset exchanges in the industry, including a well-known multi-billion dollar cryptocurrency exchange. Over the past twenty years, the company has built technology for the world’s most notable institutions, with a client list that includes NASA, NASDAQ, Goldman Sachs, Merrill Lynch, JP Morgan Chase, Bank of America, Barclays, Siemens, Shell, Yahoo! , Microsoft, Cornell University and the University of Chicago.

“You can’t blame them for not understanding concepts that are admittedly foreign to most American and European citizens. However, what’s so fantastic about this letter… is that the signers break down the use cases. They show actual usage. Death life uses, in many cases. And so, I urge politicians to carefully consider this letter,” Gardner said.

Send your news to newsghana101@gmail.com and via WhatsApp to +233 244244807
Follow Ghana News on Google New

Mary I. Bruner