Topic: Can Bitcoin help global refugees and migrants to relocate to new countries? - page 3. (Read 388 times)

It's true that the traditional banking system for close their doors to their customers in times of conflicts or war and rationally I won't blame them for that they do so for their own safety and that of their workers who are humans too. But while they keep their doors close internet banking services open for use by customers. A wise customer will quickly take the favoured position by buying bitcoin through any reputed exchange platform, supposing they don't have an existing account they can immediately open one and run the transfer through p2p and send the coin to their selfcustody wallet as simple as that before things escalate to the extend internet services are shutdown.

In the event they leave their war zone and settled in other country as refugees they can at any time find a physical buyer that will be interested to buy their bitcoin and give physical cash at hand since almost everyone now has crypto awareness. In times of war the faster you make smart and strategic decisions concerning your finance the safer ground you find yourself having access to your money at ease while your counterparts are lockout.

Bitcoin is the same as gold probably even more valuable while comparing each other. I would say it is not really gonna be useful at the war times but if you are in such a region or anywhere in the region and you are saving money for future then better keep it on something that will be worth anywhere in the world for example gold, silver, bitcoin and this is why having movable asset is important.

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How can Bitcoin help these people to relocate and continue with their lives in a new country?

1. Brainstorm "safe" methods to convert Fiat to Bitcoin - Bitcoin ATMs and P2P exchanges.

2. Provide offline and online cold storage solutions to protect their coins - Educating them about taking responsibility of their own money such as Paper wallets/ offline storage where most of the cryptos have to be there and online storage a small portion of it.

If you can send Bitcoin directly to anyone in the world without the need for Binance, why do you need Binance Charity, which is the Binance card for refugees? If the person accepts Bitcoin, send the amounts directly to him or to his account in Binance and he will give you cash or a bank transfer, or even use it directly to pay for some goods and services. Such as buying coffee or renting a car. bitcoin can do that

You have pointed out some good points and yeah Bitcoin can help global refugees and migrants affected by wars or any other kind of disasters. I was not aware of the Binance refugee card, thanks for sharing it.

1.I would say, you missed the biggest role that Bitcoin Blockchain plays here and that is of transparency. In most of the cases charity funds given to refugees is just stolen by some middlemen or there are some huge illegal deductions in the amount by the distributors and the refugees can't do anything at all instead of taking that money and make a living with that.

But BTC blockchain can avoid that corruption as every transaction will be recorded and can be used to track the amount if it reached to the real owner.

2.Government giving refugees a place to live should allow them to start some micro level business so they would not depend on the funds for there life. Governments can help them by giving some loan in the form of BTC

3.If the country giving place to migrant don't have huge resources (funds) then Bitcoin can be used to raise funds for those refugees. Everyone wanted to donate money can send money from anywhere in the world.

4.Local businesses should give discounts to these migrants on buying things with BTC directly. But first there are not that much business around accepting BTC as payment method so they should first do that. Make it a payment method.

We are seeing conflict in many countries all over the world and many of these people are fleeing their country of origin, because they are going to war and their local currency and economy are collapsing.

The question is..... Can Bitcoin help these refugees?

We know that Ukrainian Banks closed their doors, when the first bombing started and most Banks do this when there are a possibility of a war. So how do people get their money out of the "Banking" system, when Banks close their doors?

We also know that the Banking system are reluctant to open Bank accounts for foreigners or refugees in the country where they end up.

"In April of this year, Binance Charity launched the first-of-its-kind Binance Refugee Card for all current and new Binance users from Ukraine forced to move to EEA countries as a result of the war with Russia, the card and crypto-based cash assistance helped 15,000 Ukrainian refugees and internally displaced people." - Source : https://www.binance.com/en/feed/post/93305

How can Bitcoin help these people to relocate and continue with their lives in a new country?

1. Brainstorm "safe" methods to convert Fiat to Bitcoin
2. Provide offline and online cold storage solutions to protect their coins.
3. Provide an easy on-ramp to convert Bitcoin to Fiat and the other way around for refugees.
4. Offer reliable and trustworthy P2P services for these vulnerable people, when they arrive in a new country.
5. Keep the transaction fees at these services as low as possible, to give them more money to start a new life.

Let's discuss more ways for Bitcoin to help these vulnerable people, so that we can help them to continue with their lives.... and eventually return to their country of origin.... when the conflict are done.