Topic: bitcoin in developing countries - page 48. (Read 3369 times)
I think that when the G20 meeting has talked about this, if I'm not mistaken that bitcoin is still not disturbing the economic stability in the country, I think the Chinese state ban cryptocurrency not due disturbing economic stability but rather to protect its citizens sparingly from scam, because as we know not a few ICO projects are scam.
I think every country has their own development of cryptocurrency.Bitcoin is getting popular in developing countries.Bitcoin can help developing countries who have hypetinflation,no jobs,no capital for investment, bitcoin can help everybody by helping access modern banking and financial services through blockchain.Bitcoin and mobile phone can help poor in the world access the global economy.
Here in the Philippines Bitcoin is giving opportunity to our country men were somewhere in Cagayan where will be legalize the entry of 10 blockchain and cryptocurrency companies to operate in the Cagayan Economic Zone Authority. By doing this will help generate employment locally. It will also allowed to operate exchanges and offer initial coin offering and engage in cryptocurrency mining within the zone. This news is something beneficial for the Filipino and hopes it starts soon. This will develop Philippines drastically for foreign investors and also income opportunity for my fellow Filipino.
Bitcoin is good for every one and the usage of crypto in the developing countries are also high while due to low literacy the people are not much aware from this currency and developing countries is a good market for it while the new technology will bring some positive changes in this currency and i hope that for me bitcoin is the food and shelter.
In many country which embrace Bitcoin thier economy are boost, many people are aware and understand the benifits and the opportunity it gives. It bring numerous job opportunity for the society.
Bitcoin is good for every one and the usage of crypto in the developing countries are also high while due to low literacy the people are not much aware from this currency and developing countries is a good market for it while the new technology will bring some positive changes in this currency and i hope that for me bitcoin is the food and shelter.
First, I don't think the government has a reason cryptocurrency will cause inflation. Take a look at Venezuela, it's been months of inflation and economic bankruptcy. Every society has to save their wealth in cryptocurrency. While the Venezuelan government makes the currency Petro based cryptocurrency. So they hope cryptocurrency will save their economic crisis.
And while Japan is the first country to support full cryptocurrency, they use cryptocurrency to be used daily by the community. If I look at the use of cryptocurrency in every country, I do not see that there is a serious threat if developing countries accept cryptocurrency to be accepted and used. Developing countries should adopt cryptocurrency and manage all payments. By accepting and using cryptocurrency I am sure will change the income of the community. All we know, living in a developing country is very difficult to find a job, but if they dare to accept I believe will be a good alternative to be used as a source of income.
And while Japan is the first country to support full cryptocurrency, they use cryptocurrency to be used daily by the community. If I look at the use of cryptocurrency in every country, I do not see that there is a serious threat if developing countries accept cryptocurrency to be accepted and used. Developing countries should adopt cryptocurrency and manage all payments. By accepting and using cryptocurrency I am sure will change the income of the community. All we know, living in a developing country is very difficult to find a job, but if they dare to accept I believe will be a good alternative to be used as a source of income.
Thats why the South Korean government limited all new investors regarding cryptocurrencies. In my opinion, they should do the opposite and promote investing in cryptocurrencies to boost their future business and GDP.
I think for now people have already known even they are investing in bitcoin. For example me, I come from a developing country and have been involved and even invested in bitcoin. I'm still new to bitcoin because I joined bitcoin at least less than a year old.
I think every country has their own development of cryptocurrency. almost all countries are trying to support this development, as this is probably a good solution to pay off state debts. well, sooner or later, the news will come up.
Bitcoin is getting popular in developing countries, but it would take some time. In general, it would be good for economy.
I think for now people have already known even they are investing in bitcoin. For example me, I come from a developing country and have been involved and even invested in bitcoin. I'm still new to bitcoin because I joined bitcoin at least less than a year old.
Bitcoin can help developing countries who have hypetinflation ,no jobs, lack of access to bank and no capital for investment, bitcoin can help everybody by helping access modern banking and financial services through blockchain,the modern world thought that crytocurrency, bitcoin and mobile phone can help poor in the world access the global economy.
of course the effect on bitcoin in developing countries is less than in developed countries. coupled with the government's concern about the contrast of bitcoin fluctuations.
Bitcoins are active in developing countries. The bitcoin market is expanding. The number of bitcoin buyers is rising. Their life changed when they joined bitcoin. Bitcoins help developing countries escape poverty.
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?
The government wants to take charge over bitcoins and similar assets because it is a global product that is sold easily all over the globe - but unfortunately the government doesn't have a cut unlike those goods that has to get thru ports and bureau of customs. Bitcoins could threaten or help a local economy because it converts fiat to digital currency and throws it overseas without letting your government know. Sending a money from abroad using bitcoin is a perfect example of bitcoins affecting / helping economy.
It will be a very big help to the countries who are developing, they can boost their economic growth. Trading or exchangin ggoods with one another with high speed and accuracy, without delays and traffics. Most countries that are using this kind of technology are rapidly growing and developing, countries that are ledt behing should acknowledge new tech and inovation for them to survive in an wvolving society. Bitcoin can give solutions to that, perhaps they can try use ghe currency and utilize it to its fullest.
I do live in a developing country or like many people say "3rd world countries" , and from where i live the only people that know about bitcoin are those who i talked with about it and informed them that such technology exists .. People here still see internet payments and credit cards such as visa and MasterCard , as non reachable items due to a very poor government and highly inflation rates that makes access to foreign currencies even harder .. So , people aren't really into this , and whoever was lucky enough to get his hands on bitcoin when it had a low value or is working in return of bitcoin (such as myself ) can consider himself lucky .
inflation happens when the value of money is devalued but if through btc a new money enters in a state than rather than disrupting economy it acts as a new blood to economy by opening more opportunities and more money to people.
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?
Yes there will be inflation but it is due to fiats that are unspent, since bitcoin is a currency, it will have its share in the total market share of different currencies, competition creates inflation but on the side of the banks and financial institutions and not on the commodities. Govt are just afraid of their people gaining financial freedom, they cannot control bitcoin so they are alarmed by using bitcoin and not their own printed currency which they monopolized for such a long time
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?
Virtual coins are supposed to be something that is bad for developing countries, so many people do not want Bitcoin removed by the government from the market economy but this is being done and in The future will certainly have many countries banning Bitcoin.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 great but it does well in countries with high level of technology but in developing countries, most people cannot use a laptop or a smartphone hence it retires the rate of bitcoin use by citizens.But there is more future for bitcoin in these countries as more people are getting education and accepting new technology in their societies.
Bitcoin is even more important for the developing countries because people there don't have a choice. They have to use unstable local fiat currencies that are overinflated by the government. They have no easy way of storing their wealth and transferring it abroad. Buying a smartphone is much easier than finding a good bank or buying a safe and filling it with gold.
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