Today many countries accept bitcoin as a virtual currency, is it because bitcoin is so high that they think bitcoin can change the country's economy, or because the country has many bitcoin users already?
Topic: Can bitcoin improve the economy of a country? - page 7. (Read 52305 times)
Today many countries accept bitcoin as a virtual currency, is it because bitcoin is so high that they think bitcoin can change the country's economy, or because the country has many bitcoin users already?
I think it can help lessen the people who doesn't earn or the unemployed,
They can earn through this crypto currency and help their family and their selves .
They can earn through this crypto currency and help their family and their selves .
Yes, it will be an excellent opportunity for unemployed people who have plenty of free time to study bitcoin.
So many people around the world without access to proper banking facilities or even jobs, with just the click of a mouse and mobile internet, can access a wealth creation source connected to Bitcoin and other digital currencies. I have noticed a great surge of people from developing nations come to work online and earn Bitcoin which is ground breaking. Where government and corporate policies have failed, the decentralized currency has helped people get on their feet.
The limitations of many countries make bitcoin development inhibited, if legalized then I'm sure the presence of bitcoin can help many people and countries, everyone is free to find and have a bitcoin so a good source of income.
yes it can be improve the economy of the country, more investment comes in from bitcoin in the country can make the economy grow.
It can't actively improve the economy but it can help get some of those citizens in the country out of poverty and a better living condition. If all the money supply left the country and went to bitcoin then the country would literally go to shit, instantly.
Depending on the country. If they are able to work with bitcoin developers I believe the economy of a country will be better because with the technology blockchain applied bitcoin able to minimize the crimes of corruption so that the government will not suffer losses from crimes committed by these elements so that clearly will have an impact positive for the economy of a country and although the crime occurs if the government cooperates with bitcoin developers then the flow of corruption funds can be easily investigated by law enforcement.
Bitcoin can help a countries economic condition. But it will depend on country situation. Some country allow bitcoin transactions. Some country does not allow bitcoin. These country will not be benefited from bitcoin.
the more number of bitcoin users in a country, the better the economy he generates,
residents receive income outside of real or offline work that comes from bitcoin itself, of course this will also affect the country's economy will be better.
residents receive income outside of real or offline work that comes from bitcoin itself, of course this will also affect the country's economy will be better.
Yes it can improve. Nowadays many people are aware about bitcoin earnings. Tradings, investment in bitcoin. Also many countries have accepted working on crypto currencies. Bitcoin wil play crucial role in changing our economical system. Also there are some ICO campaigns through which we can earn more. This is a big money
The development of a country it is not related just to a strong coin or advanced technology, it also mater the economical politics of the country so bitcoin could change the economy of a country as long as the politics of it is for Cryptocurrency.
Bitcoin is a cryptocurrency where we can access anywhere from the world it is a digital currency only. Bitcoin has created the very big opportunity to most of the individual's economical status. Regarding the country's economy will never happens. Every country has its own economy policy suitable for them and for that huge volume of currency invested by government where the contribution of bitcoin is very low.
I think Bitcoin is able to make a country better. Bitcoin provides a lot of features which even Bank cannot provide like with bitcoin is much more secure and fast then banks. And after the segwit integration transaction fees became very low so I think people can actually able to pay for restaurants and other services as a mode of payment. This will not only give people more access to Bitcoin but they will get more access to earning sources. They can provide their skills to any country they want from anywhere in the world and will be getting paid in Bitcoin without going to other countries.
Today many countries accept bitcoin as a virtual currency, is it because bitcoin is so high that they think bitcoin can change the country's economy, or because the country has many bitcoin users already?
This seems to be the demands of the times because in addition to bitcoin users in the country a lot, there are also because many other countries already use otherwise it will be left behind, when compared with other countries
I figure a nation ought to benefit from the bitcoin strength to enhance its economy to improve things. enough states to legitimize bitcoin or recognize it as cash and empower a bitcoin new company to dispatch it, maybe drawing in numerous organizations and financial specialists to trade organizations, for example, trades or online stores situated in the nation. it's an approach to help the nation's economy to enhance and enhance the nation's economy.
I think a country should capitalize on the bitcoin potency to improve its economy for the better. enough states to legalize bitcoin or acknowledge it as money and encourage a bitcoin start-up business to launch it, perhaps attracting many companies and investors to exchange businesses such as exchanges or online stores based in the country. it's a way to support the country's economy to improve and improve the country's economy.
Today many countries accept bitcoin as a virtual currency, is it because bitcoin is so high that they think bitcoin can change the country's economy, or because the country has many bitcoin users already?
I think it can. Although it doesn't yield money directly like other traditional transactions. Cryptocurrencies have really been recognized as a growing asset, and many business entities have already started to open their policies in order to adjust their system into slowly accepting and integrating bitcoins into their business. I think as more of that happens, it could really make the transactions of those shops reach more people, and therefore, increase the business they can support, which in turn, also increases their revenue and taxable income. Thus, there is an indirect effect to the economy. It can have a bigger effect if more countries would actually impose taxes and regulations on it to their favor to generate more revenue to the country.
Today many countries accept bitcoin as a virtual currency, is it because bitcoin is so high that they think bitcoin can change the country's economy, or because the country has many bitcoin users already?
Today many countries accept bitcoin as a virtual currency, is it because bitcoin is so high that they think bitcoin can change the country's economy, or because the country has many bitcoin users already?
actually the changed economy is the user of bitcoin, then by itself the country's economy will also be lifted
Bitcoin can improve a country's economy even if it is just a way to pay, or another currency to use which I think would not help in improving economy especially now that sometimes it can aid on tax evasion. Despite that, many people can earn big on bitcoins via investments but it can really bring harm to those remittance services because it is easier to send money with bitcoins rather than using remittance which is a source of tax collections of the government but still bitcoin can improve people's lives.
I also do believe that bitcoin helps improve the economy of a country by being a medium of tradings and transactions, both inside and outside of a country. I think what defines a healthy economy is when there is a good flow of monetary within different sectors of the country. And as what have been said, by being a medium of tradings bitcoin may help increase the monetary value of the different existing currency. Although, there might also be opposite cases, but still these just show that bitcoin actively affects the economy of a country. Jump to: