Inflation that hit the country of Zimbabwe has been very severe.
I think the invitation of one of the ministers to adopt bitcoin in the country of zimbabwe is a wise offer and also a solution to improve the economy of his country. Besides that, with an invitation like that, the poverty of the people there is also decreasing
Topic: Zimbabwe minister urges citizens to embrace Bitcoin - page 3. (Read 416 times)
Just read through the article and the reason for that is because of the huge funds which the citizens are being charged for remittance payment within a year, which is very low. It will help them embrace crypto the more open ways for new projects and embracing it as a payment gateway will help the crypto industry at large. But they should always learn on how to make the right choice when choosing a payment gateway because most like that of eth the fee alone can be more that of the remittance charge.
Zimbabwe minister urges citizens to embrace Bitcoin.https://www.investing.com/news/cryptocurrency-news/zimbabwe-minister-urges-citizens-to-embrace-bitcoin-2614946.
I have read this article and if the country accepts BTC then the list of countries will grow and user adoption and dependence on fiat will decrease.
some financial experts in every country would want faster transactions with low fees and transparent, current Bitcoin owners can easily exchange their assets to Fiat, I am waiting for many countries to accept BTC, this will make Satoshi Nakamoto's dream come true and if he is still here today, he will surely smile seeing many countries using BTC for payment transactions.
Zimbabwe minister urges citizens to embrace Bitcoin.https://www.investing.com/news/cryptocurrency-news/zimbabwe-minister-urges-citizens-to-embrace-bitcoin-2614946.
I think embracing Bitcoin will be a good idea since their economy is not that stable and strong. Bitcoin had made a lots of people rich and is going to do more for investors no who are interested in saving a little for there future. If the citizens of Zimbabwe can try as much and embrace Bitcoin I think things might turn around for better. 
It is a good call for Zimbabwe's minister, it's not just about "hey folks, buy bitcoin and adopt it". It's not about that but he's concerned about the fees. Well, we should give importance to how much we're paying for the fees with remittances. Despite before the fees for bitcoin were too outrageous but now is the right time because the fees have dropped a lot and you only have to pay cents in able to transfer from hundreds to thousands and there's one transaction I've seen that was a billion transaction and paid only about $0.74 fee in bitcoin.
Zimbabwe minister urges citizens to embrace Bitcoin.https://www.investing.com/news/cryptocurrency-news/zimbabwe-minister-urges-citizens-to-embrace-bitcoin-2614946.
Countries are waking up to embrace what Bitcoin has to offer, and the good thing about this is, the more citizens gets to know Bitcoin, the more they get closer to the crypto space and thus other altcoins and it won't take long for mass adoption to take place in that country since the government are urging their citizens to embrace it. El Salvador did theirs and it looked like it won't work but yet they have succeeded in leaving a lasting impression on the crypto space as well as a good pathway for other countries to follow up.
This is actually a very good news and soon we will be seeing more of such, because it is evident Bitcoin has come to stay and fighting or limiting users or citizens from accessing it will hardly work, but instead will increase their curiosity.
Zimbabwe is an economic downturn that has long been caused by economic colonization by an enemy country, so the government has taken the initiative to develop or urge citizens to accept Bitcoin as an alternative way to revive its economy back to its heyday, and that is also a sign that crypto currency is also good for growth. Economic growth with the permission of the government also helps in developing crypto technology
Not only zimbabwe i suppose but basically most of country was having an economic downturn lately, From my perspective that was because current pandemic and as you can see it was really affecting the global market but even though like that Some developing country especially Zimbabwe was hitted really hard and Government inivtiave to urge the people to use Bitcoin was really good. 
Just read the news where the citizens spent about 90 million $ just for remittances payment, advising the citizens to embrace crypto is a good thing and it will cut off the fee and makes its easier for its citizens most especially when they are making use of btc and bsc or trx on their daily transaction it will reduce cost. But using the etheruem blockchain can cost them way much more than that per annual
The same thing caught my attention! Who follows the news about El Salvador could notice a similar situation, many people who work abroad are sending money back to family... I saw in the news that +$5 billion dollars every year, so I guess they are spending a lot on fees too.
Well, $90 million is going in the bank's pockets instead of in people's pockets, the money they can spend around in their country! The minister probably thinks that fees would be lower with Bitcoin and more money will get into the country, nice argument if you ask me!
Of course, Zimbabwe is a poor country, and probably this is more for people who have someone who works in western countries, poor will stay poor, as always!
Just read the news where the citizens spent about 90 million $ just for remittances payment, advising the citizens to embrace crypto is a good thing and it will cut off the fee and makes its easier for its citizens most especially when they are making use of btc and bsc or trx on their daily transaction it will reduce cost. But using the etheruem blockchain can cost them way much more than that per annual
Zimbabwe minister urges citizens to embrace Bitcoin.https://www.investing.com/news/cryptocurrency-news/zimbabwe-minister-urges-citizens-to-embrace-bitcoin-2614946.
There is a great opportunity for this country to develop in the future, if bitcoin starts to be discussed and becomes the attention of the government in its future progress, but there are many weaknesses that will be faced if only bitcoin is given access to make legal investments, considering the price of bitcoin is difficult to reach by the people. ordinary, but at least this country is preparing a good step in the future for its people.
Basically a country has to think about the development of ever-increasing flows, with the support of existing tools or resources, standard rules must be issued to ensure the survival of bitcoin or cryptocurrency in general, otherwise this will not have a major impact on all its citizens, many things are can benefit from approval of permits to manage bitcoin or other coins, as long as the rules are made not burdensome, both the cryptocurrency itself and the country that is starting to open up space for crypto.
The political and economic turmoil that hit the country made bitcoin even more sought after, as people lost confidence in their local currency and financial institutions in the midst of political and economic turmoil. Bitcoin is a safe haven for people around the world who don't trust their governments
This country has to be free, they don't need the help of big countries if they would like to be independent and that is by embracing bitcoin and crypto as a whole. If El Salvador were able to make it, I'm sure it's not impossible for Zimbabwe who is one of the poorest countries in the world.
I think there's more we can find in this list.
https://worldpopulationreview.com/country-rankings/poorest-countries-in-the-world
That will be just an ambitious attempt for them. They actually have the problem with their poverty and I think that was the first thing to address rather than getting into adopting crypto which I'm sure that only a few people could afford to invest and buy Bitcoin. Even buying a gadget for themselves is hard, how much more when it comes to investment. Maybe, if the government will shoulder everything they need but as what did to their countrymen, they are helpless. I think there's more we can find in this list.
https://worldpopulationreview.com/country-rankings/poorest-countries-in-the-world
I couldn't think this will come true and I don't think the government will work that hard just for the sake of helping their economy to grow because they want, they have started it a long time ago in the first place.
Zimbabwe minister urges citizens to embrace Bitcoin.https://www.investing.com/news/cryptocurrency-news/zimbabwe-minister-urges-citizens-to-embrace-bitcoin-2614946.
To help the society in adapting cryptocurrency, I think this ideas will set fort amazing impact not just financial stability but also their confidence to face future. I was overwhelmed how their government promotes Bitcoin with an open mind approach without hesitation. Probably, there's a law maker on their state seen a huge advantage that crypto will also be a good alternative for a country to develop financially.
It is good that they are open to new technologies. Most of their citizens may not know the benefits that they can derive dealing with crypto, but with this statement from their Finance Minister, it will encourage them to check on crypto. Because most of the time, the Financial Officer of the country is the first one to contradict the use of bitcoin or crypto. With his endorsement, their citizens will not be scared of touching the crypto market and learn further about its true nature.
Zimbabwe minister urges citizens to embrace Bitcoin.https://www.investing.com/news/cryptocurrency-news/zimbabwe-minister-urges-citizens-to-embrace-bitcoin-2614946.
To help the society in adapting cryptocurrency, I think this ideas will set fort amazing impact not just financial stability but also their confidence to face future. I was overwhelmed how their government promotes Bitcoin with an open mind approach without hesitation. Probably, there's a law maker on their state seen a huge advantage that crypto will also be a good alternative for a country to develop financially.
It's just about urging and encouragement and I think there's nothing wrong with it. Although their country is also dealing with other important matters.
Just like the people in Venezuela that are surviving because of bitcoin or with crypto in general, this should also be a big help to them when their citizens become knowledgeable about it as an investment and if they learn how to effectively trade it.
Zimbabwe is in struggle to save their economy from its high inflation that has even increased this time. And maybe just like El Salvador who find bitcoin a solution to their problem, then probably it will not be surprising anymore if Zimbabwe will be the newest country to adopt bitcoin as a legal tender. The Prime Minister has been a pro crypto ever since so if he takes this chance to encourage citizens to accept and adopt crypto, then in less than a year or two, its country's economy will definitely recover.Just like the people in Venezuela that are surviving because of bitcoin or with crypto in general, this should also be a big help to them when their citizens become knowledgeable about it as an investment and if they learn how to effectively trade it.
They needed it and that's for them to beat inflation with a deflationary cryptocurrency which shall be really helpful to their citizens. Just as I've mentioned in Venezuela, it really did a lot of folks there.
This country has to be free, they don't need the help of big countries if they would like to be independent and that is by embracing bitcoin and crypto as a whole. If El Salvador were able to make it, I'm sure it's not impossible for Zimbabwe who is one of the poorest countries in the world.
I think there's more we can find in this list.
https://worldpopulationreview.com/country-rankings/poorest-countries-in-the-world
I think there's more we can find in this list.
https://worldpopulationreview.com/country-rankings/poorest-countries-in-the-world
It's not surprising because the fact that once no one will start to adopt bitcoin and showing a good results afterwards no one will do the same way as well. And that's what happening right now after El Salvador becomes successful to adopt bitcoin. Wherein many countries trying to embrace it.. For what? Of course to get the benefits that can be obtained from bitcoin.. So expect there will be more good new like these in the future.
El Salvador was a good example for Zimbabwe to start embracing bitcoin too because its probably the best solution for a falling economy and not to depend anymore from big countries. If they will follow the path of El Salvador, most likely their economy will recover too and thus stopping the high inflation rate that Zimbabwe is experiencing right now. Citizens might be facing a big confusion at first but if this minister can carry out properly the big change into the citizens, then everything will start smoothly for bitcoin.
It's not surprising because the fact that once no one will start to adopt bitcoin and showing a good results afterwards no one will do the same way as well. And that's what happening right now after El Salvador becomes successful to adopt bitcoin. Wherein many countries trying to embrace it.. For what? Of course to get the benefits that can be obtained from bitcoin.. So expect there will be more good new like these in the future.
Zimbabwe minister urges citizens to embrace Bitcoin.https://www.investing.com/news/cryptocurrency-news/zimbabwe-minister-urges-citizens-to-embrace-bitcoin-2614946.
Of course this provides a solution for their country when Fiat does not provide any value if ti exchanged for US dollars. Zimbabwe has experienced the worst in world history. They had inflation, and printed large amounts of money, so that their money had no value. The presence of Bitcoin with limited supply will provide a solution in overcoming inflation. If they really implement this solution, then their country will rise in the next few years, even becoming the richest country.
This is a welcome development Zimbabwe as a country has witnessed an economic crisis for so long and Bitcoin adoption will help relieve the impact of hardship on the citizens. But again Zimbabwe is known for its high rate of corruption let just hope the corrupt politicians will not take advantage of the decentralized nature to launder money out of the country.
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