Ben Parker: Bitcoin Has Potential in Fragile States

Snorek

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Quote from: melody82 on June 20, 2015, 03:04:00 PM

I never thought about this, but individuals in fragile countries could use bitcoins to rescue their assets in the case of government failure or currency failure, or even if they are forced to leave their homes and flee.

In the future, maybe. As of now - definitely not. Because the majority of countries with economic fragility are usually underdeveloped 3rd world nations.
They don't have the infrastructure needed for bitcoin to be fully utilized. That is why countries with gigantic inflation and weak currency will adapt US dollar instead of BTC.

melody82

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I never thought about this, but individuals in fragile countries could use bitcoins to rescue their assets in the case of government failure or currency failure, or even if they are forced to leave their homes and flee.

pereira4

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Only the citizens of such fragile states can make use of Bitcoin individually. If they expect their governments are going to use Bitcoin to benefit their population the are as delusional as it gets. No government is going to adopt Bitcoin because that's too much freedom and too little control for them.

BeGoods

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This could happen on a global scale with countries changing with each other, but on a local scale, this could not happen as the population would not be exposed to the resources to send and receive bitcoins

bitnanigans

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One of the main problems with bitcoin adoption is still the ability to buy bitcoin in a lot of places without having a bank account, which isn't possible.

Coinbuddy

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Most of us are familiar with the argument that bitcoin could help the unbanked, but Ben Parker, co-founder and former director of humanitarian news service IRIN, has seen firsthand how the digital currency could play a crucial role in fragile states.

In 2013, Parker was director of communications for the United Nations (UN) in Somalia, and in 2012, he led the UN Office for the Coordination of Humanitarian Affairs for Syria in Damascus. Parker was also posted in Sudan as a UN communications officer from 2003 to 2006 and was closely involved with raising the alarm about the war in the Darfur region.

Source: http://www.coindesk.com/ben-parker-bitcoin-has-potential-in-fragile-states/

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