Topic: Bitcoin to 3rd world countries (Read 604 times)
The third world countries will not be anywhere near using bitcoin or other type of crypto currencies. To use bitcoin/crypto currencies, you will need to be online and have an internet connection. Most of the third world countries do not have any kind of internet access thus they won't be able to use bitcoin at all.
Bitcoin or any other crypto is useless for poor countries for several reasons:
1) there is no infrastructure for that
2) most people don't have computers and stable internet connection to run transactions
3) citizens of such countries may have no idea what crypto is, because they've got bigger problems
1) there is no infrastructure for that
2) most people don't have computers and stable internet connection to run transactions
3) citizens of such countries may have no idea what crypto is, because they've got bigger problems
That's what makes bitcoin fragile
Bitcoin could mean a lot to third world countries in terms of growth and development. I don't think the citizens of those countries would necessarily need to be using Bitcoins as we're talking about countries that can't provide full accessibility i.e proper internet services. Central banks of these countries can invest a part of their reserves into Bitcoin and taking it out a few years later would give them more money (that is if Bitcoin grows) instead of traditional USD margin.
I agree. For countries with poor or slow growing economies, the cryptocurrency market can contribute a lot of change and do significant good in improving their trade and investment industries. Also, it gives little people the power to better their lives through small investments. As they say, when the people is empowered and is going places financially, then the country also is empowered.
What do you think is the future of bitcoin to these kind of countries which is the poor ones ?
Is bitcoin can be useful for the citizens ?
What would be the government's approach to this kind of currency?
Is bitcoin can be useful for the citizens ?
What would be the government's approach to this kind of currency?
Yes indeed Bitcoin is really useful for the citizens of 3rd world countries, because it is helping them already to get additional income online, and it is helping this poor and unemployed people in this countries. Thats why so mny people from such countries are working with BTC actually.
In poor third world countries, the population has no money to invest in Bitcoin in the first place. In those countries people are struggling to survive, day after day. Governments of most of these countries are so corrupted, their approach to cryptocurrencies is: how can I make money from crypto. Theoretically cryptocurrencies could be very helpful, but the people have no access, so it's not working.
I live in Argentina and if you ask "what do you about about bitcoin"(in spanish obviously) in the street, most of people will answer the same "i prefer touch the money", they don't like the volatility...
advantages? yes their huge number. For example - convenience, money profit, interest, discovery and much more
What do you think is the future of bitcoin to these kind of countries which is the poor ones ?
Is bitcoin can be useful for the citizens ?
What would be the government's approach to this kind of currency?
Is bitcoin can be useful for the citizens ?
What would be the government's approach to this kind of currency?
I think bitcoins won't make a difference to poverty. Poverty will be there. Maybe bitcoins would just the effects of bitcoins but by a small margin only. However it maybe, bitcoins will always be useful for the poor, rich, and the middle class people. If the government was to integrate bitcoins to the system, then they should be prepared for possible crashes.
What do you think is the future of bitcoin to these kind of countries which is the poor ones ?
Is bitcoin can be useful for the citizens ?
What would be the government's approach to this kind of currency?
Is bitcoin can be useful for the citizens ?
What would be the government's approach to this kind of currency?
Governments of the third world countries must support Bitcoin. Considering that these are poor countries, they must encourage their people to invest in cryptocurrencies so that they may be able to help them in their financial needs and also in their economy. They also must provide right information to their people regarding Bitcoin.
What do you think is the future of bitcoin to these kind of countries which is the poor ones ?
Is bitcoin can be useful for the citizens ?
What would be the government's approach to this kind of currency?
Is bitcoin can be useful for the citizens ?
What would be the government's approach to this kind of currency?
Governments of the third world countries must support Bitcoin. Considering that these are poor countries, they must encourage their people to invest in cryptocurrencies so that they may be able to help them in their financial needs and also in their economy. They also must provide right information to their people regarding Bitcoin.
What do you think is the future of bitcoin to these kind of countries which is the poor ones ?
Is bitcoin can be useful for the citizens ?
What would be the government's approach to this kind of currency?
Is bitcoin can be useful for the citizens ?
What would be the government's approach to this kind of currency?
I dont yet understand what the meaning of 3rd world country. Can someone tell me?
Bitcoin will not really help in such kind of country because they will not have fully internet access. And maybe only the citizen who rich have access to computer and the other not.
What do you think is the future of bitcoin to these kind of countries which is the poor ones ?
Is bitcoin can be useful for the citizens ?
of course it is useful for them. Is bitcoin can be useful for the citizens ?
the obvious thing is the profit that they are getting from investing in bitcoin. you can see how big bitcoin has grown and continues to get and that is helpful for people who want to invest their money in something easily and make a lot of money.
and apart from that if the fees come down like the last 9 years, bitcoin as a currency has a lot of usage for them to purchase stuff from the internet and even get big discounts for it.
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What would be the government's approach to this kind of currency?
just because a country is considered under developed, their government approach doesn't have to be different.Bitcoin would be not necessarily need for daily use in 3rd wor countries since they have that broad access to internet and high valued gadgets are hard to owns,so what bitcoin can help them is the market,either trading or holding
I think that btc is a huge opportunity for 3rd world countries as they are not good on so many fields and btc is a new thing and if they could master this tech and coin they would have the chance to rise sharply their economy
Government of third world countries are not open minded to blockchain technology.
Imagine how many people blockchain technology could easily lift out of poverty if only
the these third world Government embrace Blockchain technology. God will help us all.
Imagine how many people blockchain technology could easily lift out of poverty if only
the these third world Government embrace Blockchain technology. God will help us all.
Very short-sighted answer, 'blockchain technology' as you call it, does not magically remove poverty from the world or a country.
It could be used to give people some form of basic income, but it all depends on how it's implemented.
If countries would use some form of blockchain based cryptocurrency, you can be pretty sure that it's just going to be the perfect way to monitor people's transactions on a grand scale.
What do you think is the future of bitcoin to these kind of countries which is the poor ones ?
Is bitcoin can be useful for the citizens ?
What would be the government's approach to this kind of currency?
Is bitcoin can be useful for the citizens ?
What would be the government's approach to this kind of currency?
The future of bitcoin that belong in the third world country which is poorer one especially in the country of africa,i thinks its soo doom,because this kind of community is away from technology, no internet connection,and less knowledge about bitcoin.user or people in this place is lack of interest in bitcoin,they cannot used bitcoin, because of no internet and my prediction there government also of there country,want to use this bitcoin for the progress of there economy,but due to behind in technology they only dreams this digital currency will operate soon in there mother land to help the progress of there economy.
Although 3rd world countries are developing and poor countries but Bitcoin and all other cryptocurrency are very well known in here. But people in these countries often don't know much ways to earn cryptocurrency and the main way they know is investing in lending system. LOL. It's the main reason why Bitconnect and all other lending coins can survive for a long time before scammed. Beside these countries government still don't have any law to cryptocurrency so in here cryptocurrency is still taken advantage to commit guilty like tax evade or money laundering.
A lot of truly third world countries have people basically living off of subsistence farming - people who have never left their home town/village - people who don't own a computer, smartphone, or have the internet. Not only would this idea be entirely foreign to them, I don't know if its wise transitioning people off of their minimally functional existence to a currency system subject to such wild swings of volatility. A person who is barely surviving can't afford to possibly have their wealth cut in half due to sudden market fluctuation. Having peer to peer encrypted currency is probably very low on their priority list.
What do you think is the future of bitcoin to these kind of countries which is the poor ones ?
Is bitcoin can be useful for the citizens ?
What would be the government's approach to this kind of currency?
I don't think there is any scope for bitcoin these poor countires,as it works on some technology called internet.But people living in these kinds of countries doesn't even have proper food and shelter.If at all they have this but the internet prices were soo high that not many people could afford.There are many other serious reason to look for the government than to pay their attention on bitcoin. Is bitcoin can be useful for the citizens ?
What would be the government's approach to this kind of currency?
bitcoin can actually help third world countries because it's a new way to the sustenance of life. many people make living by investing in bitcoin to pay bills and provide needs. in short bitcoin can improve their standard of living
The future is uncertain,there are many opinion about cryptocurrency in here,some are pros and some are cons.
It is useful as investment.Many people start to invest like other investor,but with small amount because they can't afford too much in this cryptocurrency business.
In my country,government turn a blind eye about using crypto,though they warn citizen that government will not take responsibility for the risk that come from indulging yourself with crypto.
It is useful as investment.Many people start to invest like other investor,but with small amount because they can't afford too much in this cryptocurrency business.
In my country,government turn a blind eye about using crypto,though they warn citizen that government will not take responsibility for the risk that come from indulging yourself with crypto.
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