I think Bitcoin has made a tremendous impact on the social and monetary world. Actually, In the third world country, people usually face a lot of trouble especially in their social life due to lack of financial crisis. So that Bitcoin has opened a lot of opportunities regarding this purpose.
I believe that a lot of people have been involved in this platform and they are gaining a lot of money from this system by trading and investment. So that Crypto world is playing an important role in bringing up a financial opportunity.
Topic: Bitcoin to 3rd world countries - page 3. (Read 604 times)
I am from a third world country and Bitcoin is an answered prayer. Joining the bitcoin community is not an issue because internet is accessible and affordable mobile phones are available on the market. Also, the community is gradually embracing bitcoins system due to opportunity offered to achieve financial freedom.
Bitcoin offers the opportunity to invest financially and earn money for countries with difficult economies around the world. Bitcoin offers a number of platforms that help people learn how to get income without investing. That's the best thing that poor people in the world can do to earn more. If you really study the market cryptocurrency and bitcoin you can completely get income from this market.I think this is possible. As Bitcoin's community power continues to expand, its role in the market is similar to that of legal currency, which can be used to purchase other virtual currencies.
It depends on the country, in some of them bitcoin/crypto currency is very popular. Mining and trading is the part of life of society. But or other 3d world countries, in which crypto is something that is very difficult and unknown.
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 doubt very much that Bitcoin as well as the other cryptocurrencies will be used in these countries (at least in the nearest 8-10 years). People there care about simple money that is cash. For them even 10 dollars is a very large sum.
It's too early to talk about third world countries. Not all developed countries are ready to accept cryptocurrency as the official currency. This is a long and painful process. It will be very interesting to observe the development of this sphere.
You are so right here. These people are talking about third world countries but what is happening in developed countries? All they agreed to legalize bitcoins in their countries and allow their citizens to work on them. No this is not the case in reality. Only few, you can count them on finger tips out of 200 countries in world accepted bitcoins. First they will be accepted in first world, then they come to third world.
Well, since Bitcoin has become a speculative asset of course it can be of some use there, since it allows you to increase your weatlh by magic. But if Bitcoin would just be a stable currency, it wouldn't add so much to the 3rd world's people condition.
Bitcoin offers opportunity for everyone no matter what your status is. I am from a third world country and I can say not everyone enjoy this kind of technology because not all people here are well educated and know how to use computers this is the problem of a 3rd world country right now, though the government support this thing but its not enough to help people in need. I hope that bitcoin can go higher and everyone will finally use this technology that can changed the life of many people.
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?
As a citizen to a third world country, I personally think that the future of bitcoin in our country is somehow good. And yes, bitcoin is useful for the citizens in our country. Like me, a bitcoiner who is also currently a student, it helps me to have a little extra money, and when the year passed by, maybe my rank gets higher and have more bitcoin. As the government's approach, that's why my answer in your first question is "somehow good" is because our country is PLANNING to legalize bitcoin. And also, make them as an alternative method of payment. But, as of now, there is no assurance that they will legalize btc. So, let's hope for the better.
I am from a third world country and Bitcoin is an answered prayer. Joining the bitcoin community is not an issue because internet is accessible and affordable mobile phones are available on the market. Also, the community is gradually embracing bitcoins system due to opportunity offered to achieve financial freedom.
Bitcoin offers the opportunity to invest financially and earn money for countries with difficult economies around the world. Bitcoin offers a number of platforms that help people learn how to get income without investing. That's the best thing that poor people in the world can do to earn more. If you really study the market cryptocurrency and bitcoin you can completely get income from this market.
I am from a third world country and Bitcoin is an answered prayer. Joining the bitcoin community is not an issue because internet is accessible and affordable mobile phones are available on the market. Also, the community is gradually embracing bitcoins system due to opportunity offered to achieve financial freedom.
In fact the bitcoin for me seems to be a way to equal , everyone especially in the third economy and bitcoin no longer provide all these investors for the shortest years bitcoin is a move to our lives going to something I did not really want to emulate me how to realized that it could do all my life with something every hour of it and it really help me set a little bitvof time , or midnight and long hours yet our goal are where I can motivated me to hold it today .soon much I like bitcoin will definitely change our world because of 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?
if in my opinion, in its role bitcoin greatly assist the development of developed countries, such as these third world countries, because the presence of bitcoin is considered an important factor in pumping government income from personal income.Is bitcoin can be useful for the citizens ?
What would be the government's approach to this kind of currency?
for people who are able to adapt themselves to this era is very helpful, but for residents who are left behind in technology and information midwives I think they will not feel that they are helped, so the benefits are less effective.
the government's approach varies, depending on the majority of the stakeholders, the government's policies and approvals can be seen from the facts of the people's needs in the country. I think good government will compensate and be able to control the interest of the people.
It would be great specially to those who are needy. 3rd world countries or underdeveloped country will able to cope up financial stability and financial freedom if ever for having at least a smartphone or computer. When many will give their support on this specially government it can reduce the rate of unemployment in the country though it is in the process and still debating in the government.
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?
Most of this countries don't support Bitcoin and some of them illegalize it. But I know so many people from such countries working hardly with BTC and crypto currencies to get an additional income online. They can convert this currencies to their fiat money easily through the trusted exhnagers online.
It's too early to talk about third world countries. Not all developed countries are ready to accept cryptocurrency as the official currency. This is a long and painful process. It will be very interesting to observe the development of this sphere.
There's really no benefit in having an official cryptocurrency for a country, regular digital money works much better in that setting anyway. But it's true that in most places cash still is the king, so we still have a very long way to go in order to have even digital money accepted everywhere.
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?
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What do you think is the future of bitcoin to these kind of countries which is the poor ones ?
For such countries bitcoin is like heaven and they already packed the valuation for their own fist currency. This helps them more because such fiat currency which is invaluable will have ten folds more value in terms of bitcoin and it can be good sign for them. If you are earning 10 USD then may be they are ten times more in their own local currency. So it's great thing for them and chance to achieve financial stability I'm their own country.
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Is bitcoin can be useful for the citizens ?
As I said it's very heavenly for them but then again these are 3rd world counties meaning they might not have great infrastructure and they may lack that much knowledge in first place. Generally those who are smart enough in these countries might just become boss like personality.
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What would be the government's approach to this kind of currency?
With current events that are happing in the world I do believe no government is happy about it.
Bitcoin is available to people who use internet. In 3rd world countries, internet penetration is not high. Plus, you still need fiat money to buy cryptocurrencies. People who are struggling to buy food will not invest in something non-material. So, only the richest individuals can benefit, unfortunately.
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
1) What do you mean by 'no infrastructure for that'? no infrastructure for what? Admittedly enough, most third world countries lack in infrastructure but this pertains buildings, roads and etc so I don't see how it's related to the use of cryptos in a country.
2) that's true - but there are in fact a large number of people from third world countries who are users of crypto. In fact, a huge percentage of the population in this forum are from third world countries like the Philippines, Indonesia etc.
3) That may be true but that would only pertain to the minority - and mostly uneducated sector of a country. I believe that in a third world country, the population is educated and would somewhat encounter or hear about bitcoin. The financial and business sector of a third world country would surely know about bitcoin or crypto as well. Third world countries are not totally left in the dark because some have even made efforts to make adoptions or some governments have released statements about crypto because there are users present in the country.
Bitcoin useful for any country which have internet connection. There is other question, what think government about bitcoin.
I think 3rd countries often will be ban bitcoin in near future
I think 3rd countries often will be ban bitcoin in near future
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 to the third world country well be depend on how they will handle it.
Bitcoin is useful to citizens if they use bitcoin for financial support and change their life status it much be better.
Will I think government will be against first on bitcoin.
Because it is risky to invest bitcoin because of the price is fluctuate.
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