They are very disciplined people and loyal to their government. For them to accept BTC someone needs to educate the government and gain their trust.
They must see the positive side of BTC - Easy micro transactions & Increase in TAX income for their government.
And also decrease in unemployment, as BTC increase the creation of small business. Once the government accept BTC the rest would follow.
Topic: bitcoin’s potential in Seoul (Read 751 times)
If Bitcoin would get a hold on South Korea that would be amazing.
They have quite some purchasing power over there.
They have quite some purchasing power over there.
Yes, it's true, I can confirm from my own experience.
I visited Seoul and S. Korea several times and it's really amazing their technical development and specially how they implement Internet, mobile phones in everyday life, communication, trade, selling etc.
So, many of them have good purchasing power and they are already using Internet in everyday activity, so if they understand and accept Bitcoin concept, it will help growth of Bitcoin.
If Bitcoin would get a hold on South Korea that would be amazing.
They have quite some purchasing power over there.
They have quite some purchasing power over there.
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