Cryptocurrency often dominates headlines for its market milestones and for powering new trends on the intersection of finance and the internet culture, but its biggest promise lies in breaking down barriers. Digital assets, conceived as tools to democratize financial access, offer a lifeline for the 1.4 billion unbanked and billions more around the globe underserved by the incumbent systems. In a world where basic financial services are still a privilege, crypto offers a practical alternative to systemic exclusion.

Crypto adoption: a grassroots phenomenon

The adoption of digital assets is being driven by necessity, not hype, in some of the world’s most economically strained regions. According to Chainalysis’ 2024 Global Crypto Adoption Index, countries like India and Indonesia are at the forefront. Millions of people in these countries aren’t chasing trends – they’re solving problems. (Binance is a partner of Chainalysis).

Furthermore, in the world’s most inflation-riddled nations, digital assets like Bitcoin and stablecoins – tokens designed to track the value of other assets such as the U.S. dollar – provide a stable store of value in the face of currency devaluation. For families reliant on remittances, crypto slashes fees and speeds up transfers. Meanwhile, decentralized finance (DeFi) tools are enabling loans and savings where traditional banking fails to reach.

Beyond banking: real-world applications

Systems that rely on blockchain technology aren’t just rewriting the rules of finance; they are tackling challenges that go beyond money, like resource coordination and insurance. Mercy Corps Ventures’ Crypto for Good Fund and the Crypto Council for Innovation have reported the impressive results of several projects that rely on Web3 technology and infrastructure to solve real problems in regions most susceptible to climate adversities.

In Kenya, a blockchain-powered climate insurance pilot delivered preemptive cash payments to rural regions before drought conditions struck. Using satellite data and smart contracts, the program slashed transaction costs by 75% and cut processing times by 90%, enabling farmers to protect their livelihoods.

In rural India, a decentralized autonomous organization (DAO) created a distributed water management system that provided clean water access for 45,000 people. The blockchain-based platform incentivized participation and created 440 informal local jobs, 30% of which went to women. These aren’t isolated experiments – they’re scalable models for using technology to meet basic human needs, tailored to the challenges of tomorrow.

Expanding economic opportunity

Now, let’s look at the crypto workforce. The Web3 economy is opening doors to jobs and income streams in places long ignored by traditional industries. Today, blockchain developers earn an average of $179,000 annually, but the opportunities go beyond coding. From marketing and UX design to compliance and community management, crypto is creating roles that don’t require elite degrees or urban privilege.

Initiatives like Binance Academy, which has reached over 44 million learners with free educational resources in 2024, are filling the skills gap. Hackathons, often hosted by blockchain platforms like Ethereum and BNB Chain, double as talent pipelines. These grassroots events provide hands-on learning and connect participants with job opportunities in the ever-expanding Web3 space, offering both flexibility and inclusivity.

Revolutionizing aid delivery

Crypto is also redefining how aid reaches those in need. For example, in Brazil, Binance Pay enabled direct and fee-free transfers to victims of devastating floods in Rio Grande do Sul. The funds, converted to local currency, were used for essentials like food and medicine. In this fashion, throughout 2024, Binance Charity delivered aid to some 72,000 natural disaster victims around the world.

Relying on blockchain’s transparency and speed, these initiatives ensure that aid reaches its intended recipients without delay or mismanagement. This isn’t just about charity; it’s about restoring dignity and control to those facing crisis.

A call to action

Cryptocurrency’s design is inherently inclusive, but its potential won’t be realized on its own. To scale these successes, we need thoughtful regulation that prioritizes empowerment over restriction. Policymakers and industry leaders must collaborate to build frameworks that protect users while fostering innovation.

Crypto has already proven its ability to improve lives – from providing stable financial tools to addressing systemic inequalities. Now it’s up to all of us to ensure that this technology continues to serve the many, not the few. The future of finance should be one where everyone has a seat at the table.

This commentary is from Binance, a sponsor of the Fortune CEO Dinner in Davos. Richard Teng is the CEO of Binance.

The opinions expressed in Fortune.com commentary pieces are solely the views of their authors and do not necessarily reflect the opinions and beliefs of Fortune.