bitcoin in developing countries - page 27.

yanesna3

full member

Activity: 504

Merit: 100

Quote from: Wong Gendheng on June 07, 2018, 07:16:24 PM

According to the latest survey that more than 95% of bitcoin users are from developed countries such as Japan, USA, South Korea, Europe and so on, while only 5% are from developing countries, this is an interesting fact that developed countries give freedom to their citizens to use bitcoin while developing countries instead banned of bitcoin.

Probably, even fewer people from the developing countries are interested in the cryptocurrencies. Most of the persons there do not have the Internet and need just food.

deppil

hero member

Activity: 1008

Merit: 501

Quote from: GeniusAko on June 10, 2018, 11:49:24 AM

Quote from: cutikanzilong on April 26, 2018, 09:16:03 PM

at present, bitcoin is becoming known to people around the world, especially in developing countries. the majority of bitcoin is introduced through news on television and on the internet. Therefore people are starting to want to know what bitcoin is and if it appeals to them, they will invest instead?
Well the government should not be silent on bitcoin, they think bitcoin is disrupting economic stability and there will be inflation in the country.
Do you think that bitcoin will disrupt economic stability and there will be inflation due to bitcoin in a country?

Most of the first world country are now accepting bitcoin as payment. Bitcoin has a good function in our economy and society, I think it is the reason why many countries are starting to legalize bitcoin in their country.

I think there are only a few countries that legalize bitcoin. there has been no surprising news that many countries are beginning to adopt and legalize bitcoin. but in some developing countries. bitcoin is very diffuse and widely used. because you know that developing countries already have advanced societies and mainstream technologies

Jessica2009

full member

Activity: 348

Merit: 100

Bitcoin has the potential to help in developing countries for example Bitcoin can help to reduce poverty,hyperinflation , job seekers, etc by the help of modern technology that is blockchain technology. The united nation is using cryptocurrency to help the poor the" world food program" had send funds to the refugees in Jordan in the year 2017 they started sending ethereum . The UN is planning to send direct cryptocurrency payment in future .Bitcoin is a decentralized one so the transaction is done with peer to peer without a third party.

hachimon

newbie

Activity: 92

Merit: 0

Quote from: cutikanzilong on April 26, 2018, 09:16:03 PM

at present, bitcoin is becoming known to people around the world, especially in developing countries. the majority of bitcoin is introduced through news on television and on the internet. Therefore people are starting to want to know what bitcoin is and if it appeals to them, they will invest instead?
Well the government should not be silent on bitcoin, they think bitcoin is disrupting economic stability and there will be inflation in the country.
Do you think that bitcoin will disrupt economic stability and there will be inflation due to bitcoin in a country?

I think bitcoin will not disturb the economic stability of a country. and bitcoin is a deflationary currency so it is unlikely to cause inflation. and making bitcoin investments in developing countries will not disrupt economic stability. I think bitcoin has helped the economy of its users.

nicster551

sr. member

Activity: 896

Merit: 253

Quote from: Epimetheus on April 27, 2018, 03:10:16 PM

Bitcoin has a good response in many country. Bitcoin will help those country to overcome their financial crisis and also help to built a strong economic in those countries. In central Africa country like Kenya, Zimbabwe etc taking the benefits from bitcoin through Bitpesa Wink

. This app help them in their transaction and in many other thing also. Bitcoin mainly reduce the unemployment issue in those country by providing job in their country people.Bitcoin also provide its mining help in those country to create their own Bitcoin. With the help of Bitcoin they can buy anything from Internet. Even those thing which are not sold in their country

That is bitcoin is somehow good to countries especially to the developing cuntries because of what can it give to the community. As far as we know, and based on the first whitepaper Satoshi Nakamoto used to wrote of his purpose of making bitcoin was really to give convenience to the community for transferring of money anywhere in the world without any third party involvement in it, through it, it can lessen the cost of remittance for the community and save money. Fortunately, resulted to bitcoin becoming more, to be an investment, and now, a source of income, a solution to some economic problems in the world.

Periodik

sr. member

Activity: 1022

Merit: 256

Quote from: cutikanzilong on April 26, 2018, 09:16:03 PM

at present, bitcoin is becoming known to people around the world, especially in developing countries. the majority of bitcoin is introduced through news on television and on the internet. Therefore people are starting to want to know what bitcoin is and if it appeals to them, they will invest instead?
Well the government should not be silent on bitcoin, they think bitcoin is disrupting economic stability and there will be inflation in the country.
Do you think that bitcoin will disrupt economic stability and there will be inflation due to bitcoin in a country?

Bitcoin is designed to disrupt our current obsolete system. Perhaps one of its effects, intended or not, is the disruption of the economy. This may lead to the beneficial growth of freedom to the people but might be highly disadvantageous to the government. That is why we have been noticing how much effort various governments exert in regulating Bitcoin. I don't think inflation is severely affected.

ShitTL

newbie

Activity: 126

Merit: 0

Bitcoins in developing countries are as new and fledgling as their economies, and much more need for capital mobilization projects to make the manufacturers of publicly funded companies. taking the house of the local people

Coleth

newbie

Activity: 210

Merit: 0

Indeed those Develop countries are open for opportunities that is why they are still more developed when they embrace Bitcoin and other altcoins. Though how we wish that other countries also will absorb Bitcoin so they will also improve. But i think it will still need ample time for Bitcoin to penetrate in all countries.

bncbnc

hero member

Activity: 840

Merit: 500

Quote from: cryptocurrencyguru on June 12, 2018, 03:12:41 PM

Bitcoin in developing countries is robust and fastly adapting to mainstream financial market and number of atms is the main reason for bitcoin growth in major developing countries

The trend of bitcoin use in developing countries is increasing continuously, i think that this trend will even continue for a long time, because still a number countries are there where people do not have any idea about bitcoin, i think that through good advertisement they can be inform about bitcoin and its benefit, and hopefully they will welcome bitcoin and will start using bitcoin. sx

ShineftChaos

full member

Activity: 378

Merit: 100

I LOVE ADABS

Quote from: makolz26 on June 12, 2018, 03:26:46 PM

Quote from: cryptocurrencyguru on June 12, 2018, 03:12:41 PM

Bitcoin in developing countries is robust and fastly adapting to mainstream financial market and number of atms is the main reason for bitcoin growth in major developing countries

Yes, actually here in our country almost people are becoming aware of it and now getting interested how bitcoin will have in their life, they are thinking of ways in order to make bitcoin grow in the country, we are helping hands to help each other informed about it and how it works.

That is the reason why japan is using cryptocurrency to improve their own country and if only other countries has the same mind set of the government then everyone can live on a very wealthy life.

makolz26

sr. member

Activity: 714

Merit: 254

Quote from: cryptocurrencyguru on June 12, 2018, 03:12:41 PM

Bitcoin in developing countries is robust and fastly adapting to mainstream financial market and number of atms is the main reason for bitcoin growth in major developing countries

Yes, actually here in our country almost people are becoming aware of it and now getting interested how bitcoin will have in their life, they are thinking of ways in order to make bitcoin grow in the country, we are helping hands to help each other informed about it and how it works.

cryptocurrencyguru

member

Activity: 280

Merit: 11

Bitcoin in developing countries is robust and fastly adapting to mainstream financial market and number of atms is the main reason for bitcoin growth in major developing countries

Topaz72

member

Activity: 322

Merit: 10

Quote from: GeniusAko on June 10, 2018, 11:49:24 AM

Quote from: cutikanzilong on April 26, 2018, 09:16:03 PM

at present, bitcoin is becoming known to people around the world, especially in developing countries. the majority of bitcoin is introduced through news on television and on the internet. Therefore people are starting to want to know what bitcoin is and if it appeals to them, they will invest instead?
Well the government should not be silent on bitcoin, they think bitcoin is disrupting economic stability and there will be inflation in the country.
Do you think that bitcoin will disrupt economic stability and there will be inflation due to bitcoin in a country?

Most of the first world country are now accepting bitcoin as payment. Bitcoin has a good function in our economy and society, I think it is the reason why many countries are starting to legalize bitcoin in their country.

Yes bitcoin plays vital role in development of technologies in country, indirectly bitcoin is making the economy of the country well and good, so I think as much as bitcoin will be there in a country it will be economical stable and no economic crises will be there in such country, so for more benefits than lose countries are accepting bitcoin as primary currency which is best part of economical state.

yndye

sr. member

Activity: 616

Merit: 262

Quote from: Wong Gendheng on June 07, 2018, 07:16:24 PM

According to the latest survey that more than 95% of bitcoin users are from developed countries such as Japan, USA, South Korea, Europe and so on, while only 5% are from developing countries, this is an interesting fact that developed countries give freedom to their citizens to use bitcoin while developing countries instead banned of bitcoin.

I think the reason for this is that people in developing countries are afraid of risk and behind in terms of technology while those who are in developed countries have advance technology and maybe most of them can afford to be investing in cryptocurrencies while those in developing countries struggle to earn and they may even don't have time to learn or invest in new things they know nothing about. However, in some developing countries, many people are getting interested in cryptocurrencies because of the income and investing opportunity it offers which is a big help for their day to day lives.

slyfox

member

Activity: 350

Merit: 10

Quote from: Wong Gendheng on June 07, 2018, 07:16:24 PM

According to the latest survey that more than 95% of bitcoin users are from developed countries such as Japan, USA, South Korea, Europe and so on, while only 5% are from developing countries, this is an interesting fact that developed countries give freedom to their citizens to use bitcoin while developing countries instead banned of bitcoin.

This is very simple to explain, countries that are powerful like those that you are mentioning are thinking they can somehow manage bitcoin and their users, while countries that are still developing understand very clearly they will never control bitcoin users at all, it is weird but I think the governments of the developing countries are right and those powerful countries are underestimating bitcoin big time.

Google+

hero member

Activity: 2464

Merit: 550

Leading Crypto Sports Betting & Casino Platform

the development of bitcoin in some countries seems to still have some problems and some are already getting the legality so make bitcoin transactions become safe and comfortable if done in some countries that have received bitcoin as one of the payment.

Farhan786

member

Activity: 308

Merit: 10

I think Bitcoin will continue economic stability and there will not be inflation due to Bitcoin in the country. People are always going to speed up new things, new possibilities, new worlds. I think people need to know about Bitcoin and understand its importance, I am sure they will have to start loving Bitcoin. But it may be later some year.

GeniusAko

full member

Activity: 434

Merit: 117

Quote from: cutikanzilong on April 26, 2018, 09:16:03 PM

at present, bitcoin is becoming known to people around the world, especially in developing countries. the majority of bitcoin is introduced through news on television and on the internet. Therefore people are starting to want to know what bitcoin is and if it appeals to them, they will invest instead?
Well the government should not be silent on bitcoin, they think bitcoin is disrupting economic stability and there will be inflation in the country.
Do you think that bitcoin will disrupt economic stability and there will be inflation due to bitcoin in a country?

Most of the first world country are now accepting bitcoin as payment. Bitcoin has a good function in our economy and society, I think it is the reason why many countries are starting to legalize bitcoin in their country.

Jembut Ireng

sr. member

Activity: 586

Merit: 250

The thing that makes bitcoin development in developing countries is difficult is because of the many rules that limit even bitcoin banned in developing countries.

valentine401

full member

Activity: 378

Merit: 100

Quote from: cutikanzilong on April 26, 2018, 09:16:03 PM

at present, bitcoin is becoming known to people around the world, especially in developing countries. the majority of bitcoin is introduced through news on television and on the internet. Therefore people are starting to want to know what bitcoin is and if it appeals to them, they will invest instead?
Well the government should not be silent on bitcoin, they think bitcoin is disrupting economic stability and there will be inflation in the country.
Do you think that bitcoin will disrupt economic stability and there will be inflation due to bitcoin in a country?

Bitcoin can develop the country in different ways, if there is a country that has the economy who is crashing then cryptocurrency might save it since people are investing most of their capital on bitcoins more than placing it on the banks.

Topic: bitcoin in developing countries - page 27. (Read 3369 times)