The massive power outage that swept across Spain and Portugal on April 28, 2025, is a stark reminder of our reliance on electricity for daily life.
With ATMs, mobile networks, and internet services down, many found themselves unable to access funds or communicate.
In such scenarios, cryptocurrencies can offer a degree of financial resilience.
While they also depend on electricity and internet connectivity, having a mobile wallet with some crypto stored offline can provide an alternative means of transaction when traditional banking systems falter.
However, it’s essential to recognize that cryptocurrencies are not a panacea.
They should be part of a broader emergency preparedness plan that includes keeping some cash on hand and having backup power sources.
Diversifying one’s financial tools can enhance resilience in the face of unexpected disruptions.
Vugar Usi Zade, COO at Bitget
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