Topic: bitcoin in developing countries - page 39. (Read 3369 times)
Bitcoin has good response to people especiallyto those developing countries. People are seeking on how to generate income and bitcoin helps them alot, that is why when it was introduced to developing countries people are interested on how it works and how it will be an instrument for them to have a good investment. Some developing countries are adapting bitcoin because they saw potential in it, and as long as it will not affect the economic growth it would never be a threat.
It has a very good response in most of the countries and it is also growing fast.
Bitcoin in developing countries is rather a blessing. Despite its volatility, the acceptance of bitcoin in the economy of a developing country could project that country as a potential for trading in goods and services. people can get paid in bitcoin quickly for their services and that will be a groundbreaking achievement towards providing employment for the youth through technology. Most bitcoin investors would patronise goods and services paid in bitcoin.
I am not sure if Bitcoin is going to develop countries, but I am sure that it is indeed helping to reduce the poverty and the number of unemployed people in many countries, especially on the third world countries, because so many jobless people from such countries are making their living only from working online with Bitcoin.
Even though bitcoin will help for the goodness of our life but won't help the country to improve their economic stability. As we know that bitcoin isn't a stable job that we can totally depend on, we can consider this a good source of income today but we don't know if it will last longer.and what bitcoin can threaten the economic stability of a country ...? I think not on the side of virtual money trading transactions better than fiat money because virtual money is only affected by trade in the market is not as fiat money that is affected by the state and economic development in the country and economic relations with neighboring countries...
I am not sure if Bitcoin is going to develop countries, but I am sure that it is indeed helping to reduce the poverty and the number of unemployed people in many countries, especially on the third world countries, because so many jobless people from such countries are making their living only from working online with Bitcoin.
Even though bitcoin will help for the goodness of our life but won't help the country to improve their economic stability. As we know that bitcoin isn't a stable job that we can totally depend on, we can consider this a good source of income today but we don't know if it will last longer.
I am not sure if Bitcoin is going to develop countries, but I am sure that it is indeed helping to reduce the poverty and the number of unemployed people in many countries, especially on the third world countries, because so many jobless people from such countries are making their living only from working online with Bitcoin.
With the existence of bitcoin is actually able to make a person's economy to be better but side effects will also occur later because if the majority population continues to rely on bitcoin as a means of transactions certainly the original currency of the country will can disappear slowly.
That day is very far away and we should not get worried about bitcoin replacing any fiat currency for the moment, however as people begin to realize that investing and using bitcoin as a medium of exchange is way better than using fiat it is possible that in the future currencies around the world will get so weak that eventually bitcoin could replace them. It take time for new technology to be adopted by people and government of a country.as blockchain is emerging as important field in IT world so more and more startup are choosing blockchain and doing ico for their funding ,payment system will be improved greatly due to ledger (crypto) adoption.many developed countries have take crypto as legal to boost their economy so it will be necessary choice for a country to adopt crypto.
A change is not immediately implemented because some people just don't want change as they are used to the old ways thus they reject the idea of cryptocurrency being used as a legal currence. Some people even call it scam just because they do not understand it and they comfortable with fiat as it is what they are used to and comfortable with especially for the baby boomers and the earlier generations. A developed country like Japan already regulated cryptocurrency and there are other developed countries who are planning to do so but there are developing countries who are moving forward and some even are regulating it. It is easier for countries with small population to implement such change compared to countries with bigger population.
I guess bitcoin has helped the economy in the developing countries, it reduce the unemployment rate and gives people some extra source of income. Joining campaigns, watching ads and writing blogs are some of the jobs offered by companies and they compensate it with bitcoins.
Due to the high unemployment rate, many are taking the opportunity to have some extra income from bitcoin and other cryptocurrency. It is a big help in the economy of a developing country because people would have an income that let them spend on some things and would help more business prosper and more jobs will be open.
It take time for new technology to be adopted by people and government of a country.as blockchain is emerging as important field in IT world so more and more startup are choosing blockchain and doing ico for their funding ,payment system will be improved greatly due to ledger (crypto) adoption.many developed countries have take crypto as legal to boost their economy so it will be necessary choice for a country to adopt crypto.
I dont think that bitcoin will disrupts the economy stability, since it is a crypto currency and has nothing to do with an inflation in a country. Every govenrment should take care their own economics, they already had a strict rule about that
The inflation is always monoplized by the fiat system and bitcoin cannot be deflation.
In my opinion, if government is for the people, then might as well give it to the people. What is the use of hindering citizens from getting above the poverty line. If bitcoin will give them their much awaited financial stability, then they won't have anything against it. The thing is, to just regulate this kinds of currency do as to protect the people.
What it appears to my mind is akin to what you have stated here. No man with mind would be able to understand the logic behind banning bitcoin anywhere in the world. We need to understand that freedom is the basic right of every other human being whether it is financial of some other sort of freedom. We cannot stop them ethically and legally from getting richer. 
In my opinion the existence of bitcoin will not make the inflation of a country. In fact the existence of bitcoin will increase the economic growth in a country. That will make a lot of people to invest. And it has been proven.
There is also a problem of unemployment in those developing countries and they do not know that how to solve that problem but with the invention of bitcoin that problem is solved as the educated people now like to spend more time online to make their living from the crypto currencies in which bitcoin is giving much profit to them. Bitcoin has spread overall the world but the people are still waiting in order to let it more strong and strong so that their queries remove by the responses but they do not know a lot of people are millionaire and billionaire through this currency and they are still waiting is out of mind. They response from developing countries is developing each minute.
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?
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 help improve the life of any individual residing in developing countries. In wealthy Japan, the top cryptocurency is use as one of the legal tender and allowed many to purchase any available products using it.
Bitcoin can boost the economy if it already fully accepted and use by its people. The only disadvantage of bitcoin its high volatlity and unstable price and many will be affected if bitcoin suffer a crash.
With the existence of bitcoin is actually able to make a person's economy to be better but side effects will also occur later because if the majority population continues to rely on bitcoin as a means of transactions certainly the original currency of the country will can disappear slowly.
Bitcoin in many developing countries are already popular and it doesn't a big help in their economy because the government can't collect taxes on Bitcoin users so i think that some countries banned Bitcoin because of this for all we know that government need taxes of their people to boost it's economy.
A lot of people are now investing on Bitcoins and are being a part of it.
In my opinion the existence of bitcoin will not make the inflation of a country. In fact the existence of bitcoin will increase the economic growth in a country. That will make a lot of people to invest. And it has been proven.
There is also a problem of unemployment in those developing countries and they do not know that how to solve that problem but with the invention of bitcoin that problem is solved as the educated people now like to spend more time online to make their living from the crypto currencies in which bitcoin is giving much profit to them.
I guess bitcoin has helped the economy in the developing countries, it reduce the unemployment rate and gives people some extra source of income. Joining campaigns, watching ads and writing blogs are some of the jobs offered by companies and they compensate it with bitcoins.
The steady influence of bitcoin in developing markets such as Africa or South America has played a crucial role in helping to support the development of its financial system. These include Kenya, Nigeria and Zimbabwe in Africa and venezuela in South America.
Bitcoin and the cryptocurrency market are having a pretty positive effect on developing countries, with young people getting richer thanks to the crypto market, so many services have been formed and created jobs. workers. Bitcoins and cryptocurrency are wading into the lives of individual citizens. Jump to: