It could but it will take a decade.
I know because generally no matter how big poverty is, people are getting more opportunists, and alot of africans would do anything just to get a few extra bucks.
So even though they might not be technologically savy, they can learn it, and once it goes viral (social pressure on people earning money by it), it could be a big demand.
Imagine africans bartering with bitcoin, due to their crappy currencies overinflating. It could create a new economy right under our noses.
Topic: Can bitcoin help the world's unbanked? (Read 2500 times)
When I tried to buy bitcoins using digital platform I had a lot of headaches but when I tried to do this with money was very simple and easy and fast.
It would be possible Biticoins be the solution for people who do not have bank account or working he says illegally.
I see a great pontecial for it however also see a huge problems is a very volatile currency and much of its user wants to make a profit and therefore much speculation in this way is not safe for these people keep their capital in BTC.
What u think about this?
It would be possible Biticoins be the solution for people who do not have bank account or working he says illegally.
I see a great pontecial for it however also see a huge problems is a very volatile currency and much of its user wants to make a profit and therefore much speculation in this way is not safe for these people keep their capital in BTC.
What u think about this?
Yes, with bitcoin you have your own bank, very easy and more fast. but why always illegally? because bitcoin anonymous
yes bitcoin is volatile value because it's not fiat, but the risk is more than fiat if you want to invest on bitcoin. high risk = high profit.
I do not think so, the world without a bank, it is very difficult to save money and transact in real world
Yes correct. I don't think bitcoin or any other coins will replace banking system. It almost impossible to dream also.
Yes. In third world countries that do not have any central banks would skip the introduction of such a bank altogether and use Bitcoin. However, this will probably take some time yet. Not everyone may have the technological understanding needed to use Bitcoin, but hopefully by at least 2020 those third world countries would probably benefit having bitcoin as their currency.
Third world countries which do not have a central bank?
I doubt if such entities exist (except possibly if they have adopted the dollar)
Yes i think not only bitcoin but digital currencys can support unbanking world,but it has to be devloped some good services,especially mobile
Yes. In third world countries that do not have any central banks would skip the introduction of such a bank altogether and use Bitcoin. However, this will probably take some time yet. Not everyone may have the technological understanding needed to use Bitcoin, but hopefully by at least 2020 those third world countries would probably benefit having bitcoin as their currency.
I do not think so, the world without a bank, it is very difficult to save money and transact in real world
When I tried to buy bitcoins using digital platform I had a lot of headaches but when I tried to do this with money was very simple and easy and fast.
It would be possible Biticoins be the solution for people who do not have bank account or working he says illegally.
I see a great pontecial for it however also see a huge problems is a very volatile currency and much of its user wants to make a profit and therefore much speculation in this way is not safe for these people keep their capital in BTC.
What u think about this?
It would be possible Biticoins be the solution for people who do not have bank account or working he says illegally.
I see a great pontecial for it however also see a huge problems is a very volatile currency and much of its user wants to make a profit and therefore much speculation in this way is not safe for these people keep their capital in BTC.
What u think about this?
I highly agree, People is very safe using Bitcoin as a bank account , There plenty of methods which you can crypt nor protect your wallet using private / pub key
I think if a problem exists at the prices fluctuate, the value will be stable if it is adopted by the whole world, for bitcoin help the world's unbanked I think this will not be easy for a few decades forward what else to still lack the know people's digital currency
yes i can help the worlds unbanked. there are a lot of ways in which bitcoin can help the unbanked of the world. there are also ways through which you can control bitcoins through sms based phones. so you dont even need a smartphone to control your bitcoins. and its value will stabilize after it is properly adopted by the world..
I think there are services which offer controlling and managing bitcoins just through sms but it hasn't expanded much yet. A lot of countries are still not supported, however that could be overcome. Its not always necessary to have a smart phone to act smart, controlling btc with sms, no need of internet now. How awesome is that?
In theory this can be done, but we are still far away from this. But just a point that it can be done shows how awesome is Bitcoin and its true potential.
Can Bitcoin help unbanked? Of course it can. One day you will be able to send $10 wotth of Bitcoin to the farmer in Kenya and he will be using just a basic mobile phone with text messaging, nothing else.
"The root problem with conventional currency," wrote Nakamoto in 2009, "is all the trust that's required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust. Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve. We have to trust them with our privacy, trust them not to let identity thieves drain our accounts." In contrast, everything in Nakamoto's system "is based on crypto proof rather than trust".
Source: 2009, Guardian and SATOSHI'S Diary.
Source: 2009, Guardian and SATOSHI'S Diary.
I agree with you, but it might just facilitate transactions online, but if you want to exchange $ must have a bank account
yes i can help the worlds unbanked. there are a lot of ways in which bitcoin can help the unbanked of the world. there are also ways through which you can control bitcoins through sms based phones. so you dont even need a smartphone to control your bitcoins. and its value will stabilize after it is properly adopted by the world..
I think there are services which offer controlling and managing bitcoins just through sms but it hasn't expanded much yet. A lot of countries are still not supported, however that could be overcome. Its not always necessary to have a smart phone to act smart, controlling btc with sms, no need of internet now. How awesome is that?
yes i can help the worlds unbanked. there are a lot of ways in which bitcoin can help the unbanked of the world. there are also ways through which you can control bitcoins through sms based phones. so you dont even need a smartphone to control your bitcoins. and its value will stabilize after it is properly adopted by the world..
according to me the bitcoin can help the world's unbanked, as they can buy bitcoins from a local trader and can enjoy it's benefits.
But how the people who don't believe on banks with their money can trust on bitcoin, whose value is so much fluctuating???
But how the people who don't believe on banks with their money can trust on bitcoin, whose value is so much fluctuating???
if they don't believe for bank they should start searching for an alternative in theory, this mean that bitcoin have a chance to accomodate their need, but maybe only as a investments for now, and not much as a currency
the currency aspect of bitcoin will get stronger with better stability, at that point those people will use it more
To be accepted more than an investment and also treated like a common currency, there are a lot of room for improvement for bitcoin and a lot of infrastructural, social and economical reasons which permit countries for completely adopting bitcoin, and once such issues are resolved and the world is prepared to go digital, we take them digital and change the market
according to me the bitcoin can help the world's unbanked, as they can buy bitcoins from a local trader and can enjoy it's benefits.
But how the people who don't believe on banks with their money can trust on bitcoin, whose value is so much fluctuating???
But how the people who don't believe on banks with their money can trust on bitcoin, whose value is so much fluctuating???
if they don't believe for bank they should start searching for an alternative in theory, this mean that bitcoin have a chance to accomodate their need, but maybe only as a investments for now, and not much as a currency
the currency aspect of bitcoin will get stronger with better stability, at that point those people will use it more
according to me the bitcoin can help the world's unbanked, as they can buy bitcoins from a local trader and can enjoy it's benefits.
But how the people who don't believe on banks with their money can trust on bitcoin, whose value is so much fluctuating???
But how the people who don't believe on banks with their money can trust on bitcoin, whose value is so much fluctuating???
if they don't believe for bank they should start searching for an alternative in theory, this mean that bitcoin have a chance to accomodate their need, but maybe only as a investments for now, and not much as a currency
the currency aspect of bitcoin will get stronger with better stability, at that point those people will use it more
according to me the bitcoin can help the world's unbanked, as they can buy bitcoins from a local trader and can enjoy it's benefits.
But how the people who don't believe on banks with their money can trust on bitcoin, whose value is so much fluctuating???
But how the people who don't believe on banks with their money can trust on bitcoin, whose value is so much fluctuating???
There is always different way to implement a solution for the unbanked has most of them are none tech individuals either a savings feature on a cell phone provider using bitcoin to keep cost at a low level or even on a supermarket where they could go and buy saving accounts with x amount of bitcoin it just like a paper wallet.
When I tried to buy bitcoins using digital platform I had a lot of headaches but when I tried to do this with money was very simple and easy and fast.
It would be possible Biticoins be the solution for people who do not have bank account or working he says illegally.
I see a great pontecial for it however also see a huge problems is a very volatile currency and much of its user wants to make a profit and therefore much speculation in this way is not safe for these people keep their capital in BTC.
What u think about this?
It would be possible Biticoins be the solution for people who do not have bank account or working he says illegally.
I see a great pontecial for it however also see a huge problems is a very volatile currency and much of its user wants to make a profit and therefore much speculation in this way is not safe for these people keep their capital in BTC.
What u think about this?
Yes I think that bitcoin is right now the status is at the same point but it will grow and achieve greater heights. People do have a problem with the online platform at first but this is , trust me, faster and more efficient than anything else. Many people have made huge profits outta it even after having an unbanked status.
Bitcoin is the easiest form of currency to accept, so clearly it's going to be good for those who want to avoid the whole process of verification with bank, specifically criminals for that matter. If banking isn't in stable conditions (for example Greece), then Bitcoin is absolutely dire. Bitcoin helps those unbanked, and those with "corrupt banks".
I think the association with criminals and bitcoins has really affected the image of bitcoins. I wish there was something which could be done to stop access of bitcoins to people being involved in criminal activity. With all the advanced technology, all the tracking systems and algorithms, is there something which could be done to stop such malicious activity or we let it go just because it brings in more trade? :/
Bitcoin combines cryptography and a peer-to-peer architecture to avoid a central authority rather than how digital currencies such as eGold and WebMoney operated, law enforcement agencies have more difficulty identifying suspicious users and obtaining transaction records and getting criminals under their handcuffs. This has definitely screwed up the scene for bitcoin a little.
There have been so many hacks and attacks with the involvement of bitcoin as either theft or asked as ransom. A recent attack happened recently. The attacks took place in two stages. An initial DDoS attack was followed by threats of further and more severe attacks if the targeted websites did not complete bitcoin payments. If you want to read more bitcoin crimes, here's a link: http://www.coindesk.com/bitcoin-crime/
Bitcoin is the easiest form of currency to accept, so clearly it's going to be good for those who want to avoid the whole process of verification with bank, specifically criminals for that matter. If banking isn't in stable conditions (for example Greece), then Bitcoin is absolutely dire. Bitcoin helps those unbanked, and those with "corrupt banks".
I think the association with criminals and bitcoins has really affected the image of bitcoins. I wish there was something which could be done to stop access of bitcoins to people being involved in criminal activity. With all the advanced technology, all the tracking systems and algorithms, is there something which could be done to stop such malicious activity or we let it go just because it brings in more trade? :/
Bitcoin combines cryptography and a peer-to-peer architecture to avoid a central authority rather than how digital currencies such as eGold and WebMoney operated, law enforcement agencies have more difficulty identifying suspicious users and obtaining transaction records and getting criminals under their handcuffs. This has definitely screwed up the scene for bitcoin a little.
Bitcoin is the easiest form of currency to accept, so clearly it's going to be good for those who want to avoid the whole process of verification with bank, specifically criminals for that matter. If banking isn't in stable conditions (for example Greece), then Bitcoin is absolutely dire. Bitcoin helps those unbanked, and those with "corrupt banks".
I think the association with criminals and bitcoins has really affected the image of bitcoins. I wish there was something which could be done to stop access of bitcoins to people being involved in criminal activity. With all the advanced technology, all the tracking systems and algorithms, is there something which could be done to stop such malicious activity or we let it go just because it brings in more trade? :/
Bitcoin is the easiest form of currency to accept, so clearly it's going to be good for those who want to avoid the whole process of verification with bank, specifically criminals for that matter. If banking isn't in stable conditions (for example Greece), then Bitcoin is absolutely dire. Bitcoin helps those unbanked, and those with "corrupt banks".
-snip-
like u say for working he says illegally.I dont stated anything that I am agree with this, in fact I am against things that are illegal because BTC isnt suppose to be a tool for people to launder their money. This will only hinder BTC growth as bad publicity will make more people have the wrong perception about BTC that it is related to criminal. In fact this issue has been here alot and the nature of BTC as well as its anonimity is what makes people use it to launder money.
I use BTC like a "investment" and I think (i do not have numbers for taste) most part the people use BTC for this in this way but this fact making it much more difficult for the market stay stable because of speculation.
The market is indeed full of speculation however the price of BTC isnt a sole indicator to determine thing about BTC. BTC has its own value, if you actually value the ability to secure your money in a top notch security than BTC is the tool for that (security is a value for some people). Stable market will most likely be achieved once the whole supply is in the market and thats takes around 100+ years or atleast until there are alot more "demands" on it rather than manipulation on the demands
I don't think volatility will become an issue in the near future. We can see that price are stabilizing and that goes to show when adoption increases with more people using bitcoin and the market size getting huge, whales will find it harder to manipulate the markets.
I think volatility is always going to be an issue, though I hope I'm wrong. However, an ideal scenario would be bitcoin to keep rising as more and more people get involved. I think this is how money should work. Money should grow over time and not devalue like fiat.
I 100% Agree whith u but for this happen is very important that a micro economy base BTC to be created but I see some problems in this:
1. The number of people who know about biticoins is not very big and it is important people undestand BTC for Start aceptin and using.
1. The number of people who know about biticoins is not very big and it is important people undestand BTC for Start aceptin and using.
I don't understand this point - Bitcoin started with zero acceptance. If something is useful it will be adopted.
If something is useful it will be adopted. This is a very good point the only problem it is people need Know about for use.
2. BTC is a currency that has a lot of volatility and this for a Micro economy is not a good factor.
It's still better than many national currencies in the developing nations which suffer from high inflation that is guaranteed to happen. Also, volatility would be much less a problem in a Bitcoin-only economy.
Ok Ok I'll study better about this. Thank you!
3. Accept BTC is very simple however as to pay merchants suppliers would have to sell BTC which would generate a great demand for sale which can cause prices suffer a devaluation.
That makes no sense at all. For every seller there's a buyer. Why would there be more selling? All coins that are sold have been bought before. If more people use Bitcoin, it will rise in value regardless how it's used, because a limited number of Bitcoin is distributed among a rising number of people.
ya.ya.yo!
We talk here about a Microeconomic (small city, Small Community ...) and my point it is how u pay for example The Coca-Cola Company if they don't accept BTC.
I don't think volatility will become an issue in the near future. We can see that price are stabilizing and that goes to show when adoption increases with more people using bitcoin and the market size getting huge, whales will find it harder to manipulate the markets.
Bitcoin is gaining interest of unbanked gradually. But the growth of Bitcoin is still on a hold ,because it is all about getting digital. People are still coping with the basics of internet itself. So the population needs to be more mod , to enjoy the technological luxuries.
Yes, a lot of people who are apparently 'unbanked' status, have gained quite an interest in bitcoin. The reason why the growth of bitcoin is on hold is because inadequate or accurate media attention is lacking, heavy adoption by the masses seems to be delayed and ofcourse, digital literacy is a need of the time. After such basic requirements have been accomplished, maybe bitcoin grows to achieve bigger milestones.
Bitcoin is much much more than a risky investment, much more than a payment gateway and much more than just a currency, its special super powers and tweaks and improvisations from the usual are exactly what make it one of the best at what it is. I have never seen such a fine investment, such a secure payment gateway and such a comfortable currency in my life yet
Bitcoin might be a risky investment but considering other investments, I think I will find much more returns through bitcoin. It is not such a developed payment gateway and bad hacking incidents and money laundering issues have made bitcoin an evil currency for a few people. However, it is much developed and mature now. Yes, it seems just as an investment right now to me. Nothing more, I don't really expect much, call me cynical (:
I agree that bitcoin might be one of the greatest currency of all time and I love trading in the bitcoin currency. However, I feel that as an investment is how its treated, and as an investment, it will never replace gold for obvious reasons. Yes, Gold might lose the power it has if bitcoins becomes powerful, but gold is scarce and limited, it will always have a great value, it can't collapse like that.
not for everyone, many cannot buy bitcoin locally with their csh, and because of this they rely on a bank account at the end, bitcoin is more suitable with digial platform and everything that is online
we are moving in that way after all, technology is aiming to make everything digital, cash will be annihilated one day i'm sure
we are moving in that way after all, technology is aiming to make everything digital, cash will be annihilated one day i'm sure
Anyone can start accepting payments with Bitcoin anywhere, this is very important and would have been impossible for tens of people out there in a pre-Bitcoin world.
The ones that don't have any internet tho, they are pretty much trapped on their own countries. Without internet there isnt much hope.
usually those without internet do not need bitcoin or any tech for that matter, they are people living in farm and they can produce everything for their living
bitcoin can not accomodate everyone, especially those that are not using even fiat
people with a simple mobile phone can send money or bitcoin if they so wish via sms. internet isn't necessarily needed. but i believe at some point all people world wide will be able to access the net. no matter where they are. bitcoin then has way more chances of being the best option then.
I think its harder to introduce bitcoin to unbanked people than people who have account in the bank, since they have known economical system in the bank, like transaction, how to save money, exchange their fiat to other nation currency. So, bitcoin can help the unbanked, but unbanked are hard to understand about it.
For unbanked ppl, they are either banned by the banks or living in undeveloped contries. It is difficult for them to get into bitcoin. Coz they cannot access the exchange to buy bitcoin through bank deposit. Probably they can go through localbitcoin.com. For ppl living in undeveloped country, they have no facility to access internet. Besides that, they may lack the knowledge to understand bitcoin. And their bitcoin ecosystem may be very weak! not for everyone, many cannot buy bitcoin locally with their csh, and because of this they rely on a bank account at the end, bitcoin is more suitable with digial platform and everything that is online
we are moving in that way after all, technology is aiming to make everything digital, cash will be annihilated one day i'm sure
we are moving in that way after all, technology is aiming to make everything digital, cash will be annihilated one day i'm sure
Anyone can start accepting payments with Bitcoin anywhere, this is very important and would have been impossible for tens of people out there in a pre-Bitcoin world.
The ones that don't have any internet tho, they are pretty much trapped on their own countries. Without internet there isnt much hope.
usually those without internet do not need bitcoin or any tech for that matter, they are people living in farm and they can produce everything for their living
bitcoin can not accomodate everyone, especially those that are not using even fiat
I 100% Agree whith u but for this happen is very important that a micro economy base BTC to be created but I see some problems in this:
1. The number of people who know about biticoins is not very big and it is important people undestand BTC for Start aceptin and using.
1. The number of people who know about biticoins is not very big and it is important people undestand BTC for Start aceptin and using.
I don't understand this point - Bitcoin started with zero acceptance. If something is useful it will be adopted.
2. BTC is a currency that has a lot of volatility and this for a Micro economy is not a good factor.
It's still better than many national currencies in the developing nations which suffer from high inflation that is guaranteed to happen. Also, volatility would be much less a problem in a Bitcoin-only economy.
3. Accept BTC is very simple however as to pay merchants suppliers would have to sell BTC which would generate a great demand for sale which can cause prices suffer a devaluation.
That makes no sense at all. For every seller there's a buyer. Why would there be more selling? All coins that are sold have been bought before. If more people use Bitcoin, it will rise in value regardless how it's used, because a limited number of Bitcoin is distributed among a rising number of people.
ya.ya.yo!
Bitcoin is gaining interest of unbanked gradually. But the growth of Bitcoin is still on a hold ,because it is all about getting digital. People are still coping with the basics of internet itself. So the population needs to be more mod , to enjoy the technological luxuries.
Yes, a lot of people who are apparently 'unbanked' status, have gained quite an interest in bitcoin. The reason why the growth of bitcoin is on hold is because inadequate or accurate media attention is lacking, heavy adoption by the masses seems to be delayed and ofcourse, digital literacy is a need of the time. After such basic requirements have been accomplished, maybe bitcoin grows to achieve bigger milestones.
Bitcoin is much much more than a risky investment, much more than a payment gateway and much more than just a currency, its special super powers and tweaks and improvisations from the usual are exactly what make it one of the best at what it is. I have never seen such a fine investment, such a secure payment gateway and such a comfortable currency in my life yet
Bitcoin might be a risky investment but considering other investments, I think I will find much more returns through bitcoin. It is not such a developed payment gateway and bad hacking incidents and money laundering issues have made bitcoin an evil currency for a few people. However, it is much developed and mature now. Yes, it seems just as an investment right now to me. Nothing more, I don't really expect much, call me cynical (:
Bitcoin is gaining interest of unbanked gradually. But the growth of Bitcoin is still on a hold ,because it is all about getting digital. People are still coping with the basics of internet itself. So the population needs to be more mod , to enjoy the technological luxuries.
Yes, a lot of people who are apparently 'unbanked' status, have gained quite an interest in bitcoin. The reason why the growth of bitcoin is on hold is because inadequate or accurate media attention is lacking, heavy adoption by the masses seems to be delayed and ofcourse, digital literacy is a need of the time. After such basic requirements have been accomplished, maybe bitcoin grows to achieve bigger milestones.
Bitcoin is much much more than a risky investment, much more than a payment gateway and much more than just a currency, its special super powers and tweaks and improvisations from the usual are exactly what make it one of the best at what it is. I have never seen such a fine investment, such a secure payment gateway and such a comfortable currency in my life yet
Bitcoin is gaining interest of unbanked gradually. But the growth of Bitcoin is still on a hold ,because it is all about getting digital. People are still coping with the basics of internet itself. So the population needs to be more mod , to enjoy the technological luxuries.
Yes, a lot of people who are apparently 'unbanked' status, have gained quite an interest in bitcoin. The reason why the growth of bitcoin is on hold is because inadequate or accurate media attention is lacking, heavy adoption by the masses seems to be delayed and ofcourse, digital literacy is a need of the time. After such basic requirements have been accomplished, maybe bitcoin grows to achieve bigger milestones.
Bitcoin is gaining interest of unbanked gradually. But the growth of Bitcoin is still on a hold ,because it is all about getting digital. People are still coping with the basics of internet itself. So the population needs to be more mod , to enjoy the technological luxuries.
Bitcoin do have some flaws that need to be fixed, mainly security issues, otherwise everything else is fine. So when bitcoin enter a not yet developed country like Greece, people will immediately began using it because banks and PayPals are down. But it would take a long time for people to get to understand the ins and outs of bitcoin like we did. It will take time, on the other hand, because they all might be "newbies" in btc, this will allow hackers/scammers to invade their wallets. I believe bitcoin no question will help and is already helping with the World's unbanked. That is why bitcoin just hit a 4 month high. This is the chance for bitcoin to rise.
I think its harder to introduce bitcoin to unbanked people than people who have account in the bank, since they have known economical system in the bank, like transaction, how to save money, exchange their fiat to other nation currency. So, bitcoin can help the unbanked, but unbanked are hard to understand about it.
not for everyone, many cannot buy bitcoin locally with their csh, and because of this they rely on a bank account at the end, bitcoin is more suitable with digial platform and everything that is online
we are moving in that way after all, technology is aiming to make everything digital, cash will be annihilated one day i'm sure
we are moving in that way after all, technology is aiming to make everything digital, cash will be annihilated one day i'm sure
Anyone can start accepting payments with Bitcoin anywhere, this is very important and would have been impossible for tens of people out there in a pre-Bitcoin world.
The ones that don't have any internet tho, they are pretty much trapped on their own countries. Without internet there isnt much hope.
I 100% Agree whith u but for this happen is very important that a micro economy base BTC to be created but I see some problems in this:
1. The number of people who know about biticoins is not very big and it is important people undestand BTC for Start aceptin and using.
2. BTC is a currency that has a lot of volatility and this for a Micro economy is not a good factor.
3. Accept BTC is very simple however as to pay merchants suppliers would have to sell BTC which would generate a great demand for sale which can cause prices suffer a devaluation.
When I tried to buy bitcoins using digital platform I had a lot of headaches.
This is another reason on why BTC isnt ready to be the global currency because some people have limitation to tech. I heard that weeks before people were discussing wether Zimbabwe should adopt BTC as their currency and of course most people voted yes for it however they are not taking into account that the majority of people still are techsavvy which is a limitation to use BTC . Most part of the Asia even have no access to internet yet in some area of their country let alone the number of people that actually "know" how to operate computer and understand what internet means
It would be possible Biticoins be the solution for people who do not have bank account or working he says illegally.
BTC isnt a tool for people to launder their money. This kind of activity is what makes BTC has a bad publicity all over the media and another reason on why people are staying away from this. People trust the media solely and Media loves to bring is "bad" news which is why this kind of activity kinda hindering BTC growth
I see a great pontecial for it however also see a huge problems is a very volatile currency and much of its user wants to make a profit and therefore much speculation in this way is not safe for these people keep their capital in BTC.
Volatility has always been issue and keep into account as well that if you are planning to "save" your money in form of BTC than volatility will be a major issue unless you are prepared to deal with it and let it go. However if you are viewing BTC as a source of "investment" than this volatility could be a bless because of this volatility you could gain alot more with your capital .
I agree 100% with you. When we look for small cities in the word BTC is not a solution because this people don't have Internet yet.However There is a lot of Unbanked people in big Cities how andestand internet and have Smartphones. For this people BTC can be the solution, like u say for working he says illegally.
I use BTC like a "investment" and I think (i do not have numbers for taste) most part the people use BTC for this in this way but this fact making it much more difficult for the market stay stable because of speculation.
not for everyone, many cannot buy bitcoin locally with their csh, and because of this they rely on a bank account at the end, bitcoin is more suitable with digial platform and everything that is online
we are moving in that way after all, technology is aiming to make everything digital, cash will be annihilated one day i'm sure
we are moving in that way after all, technology is aiming to make everything digital, cash will be annihilated one day i'm sure
Anyone can start accepting payments with Bitcoin anywhere, this is very important and would have been impossible for tens of people out there in a pre-Bitcoin world.
The ones that don't have any internet tho, they are pretty much trapped on their own countries. Without internet there isnt much hope.
When I tried to buy bitcoins using digital platform I had a lot of headaches.
This is another reason on why BTC isnt ready to be the global currency because some people have limitation to tech. I heard that weeks before people were discussing wether Zimbabwe should adopt BTC as their currency and of course most people voted yes for it however they are not taking into account that the majority of people still are techsavvy which is a limitation to use BTC . Most part of the Asia even have no access to internet yet in some area of their country let alone the number of people that actually "know" how to operate computer and understand what internet means
It would be possible Biticoins be the solution for people who do not have bank account or working he says illegally.
BTC isnt a tool for people to launder their money. This kind of activity is what makes BTC has a bad publicity all over the media and another reason on why people are staying away from this. People trust the media solely and Media loves to bring is "bad" news which is why this kind of activity kinda hindering BTC growth
I see a great pontecial for it however also see a huge problems is a very volatile currency and much of its user wants to make a profit and therefore much speculation in this way is not safe for these people keep their capital in BTC.
Volatility has always been issue and keep into account as well that if you are planning to "save" your money in form of BTC than volatility will be a major issue unless you are prepared to deal with it and let it go. However if you are viewing BTC as a source of "investment" than this volatility could be a bless because of this volatility you could gain alot more with your capital .
not for everyone, many cannot buy bitcoin locally with their csh, and because of this they rely on a bank account at the end, bitcoin is more suitable with digial platform and everything that is online
we are moving in that way after all, technology is aiming to make everything digital, cash will be annihilated one day i'm sure
we are moving in that way after all, technology is aiming to make everything digital, cash will be annihilated one day i'm sure
I think bitcoin can help the world's unbanked, underserved and it would be great if that became reality. The problem I see is access. If people aren't being served by a bank they either are very poor or live in a very remote part of the world, which doesn't bode well for internet access for those people which is the biggest requirement for engaging in bitcoin regularly.
How can we over come that gap?
How can we over come that gap?
I would think it would as everyone is gliding over to it because it is rising and the economical unrest now.
Seems to me people want to moved away from the banks because they as seeing what they can do with your money because they are they ones in power of your money not you. ATM's shutting off when people have waited in line for hours even while the cameras were rolling when I watched the news this evening. That is just what the banking system can do now, just shut off. Then where has your money gone?
Seems to me people want to moved away from the banks because they as seeing what they can do with your money because they are they ones in power of your money not you. ATM's shutting off when people have waited in line for hours even while the cameras were rolling when I watched the news this evening. That is just what the banking system can do now, just shut off. Then where has your money gone?
When I tried to buy bitcoins using digital platform I had a lot of headaches but when I tried to do this with money was very simple and easy and fast.
It would be possible Biticoins be the solution for people who do not have bank account or working he says illegally.
I see a great pontecial for it however also see a huge problems is a very volatile currency and much of its user wants to make a profit and therefore much speculation in this way is not safe for these people keep their capital in BTC.
What u think about this?
It would be possible Biticoins be the solution for people who do not have bank account or working he says illegally.
I see a great pontecial for it however also see a huge problems is a very volatile currency and much of its user wants to make a profit and therefore much speculation in this way is not safe for these people keep their capital in BTC.
What u think about this?
Bitcoin will make a big impact on all developing countries. They'll skip traditional banking and go directly to Bitcoin. There are already ways to easily operate bitcoin operations with a SMS based phone (not even a smartphone needed).
The volatility is a given since its still very new. With time, we'll find a more steady rise, it will keep rissing for ages because there is no other way for it to exist but keep rising as it improves and more people use it, but the volatility will eventually be less.
And even with the volatility, it beats any other money ever.
When I tried to buy bitcoins using digital platform I had a lot of headaches but when I tried to do this with money was very simple and easy and fast.
It would be possible Biticoins be the solution for people who do not have bank account or working he says illegally.
I see a great pontecial for it however also see a huge problems is a very volatile currency and much of its user wants to make a profit and therefore much speculation in this way is not safe for these people keep their capital in BTC.
What u think about this?
It would be possible Biticoins be the solution for people who do not have bank account or working he says illegally.
I see a great pontecial for it however also see a huge problems is a very volatile currency and much of its user wants to make a profit and therefore much speculation in this way is not safe for these people keep their capital in BTC.
What u think about this?
Jump to: