Can Bitcoin help poor countries?

[mirakal]

Bitcoin is useful to people working abroad who want to send money to their family and relatives living in poor countries without having to pay the exorbitant remittance fees that money transfer companies charge.

Yes, especially those who are working in a country that the remittance fee is very expensive, with bitcoin they can send anytime they want because were 24/7 and they do not worry of the transaction cost because it is very manageable or cheap which is close to none.

[1714872456]

1714872456

[severaldetails]

I think in poor countries with high inflation, bitcoin is a very good method to safe your money from a decrease of its worth.
Although bitcoin is volatile, it is much more stable than the fiat of some 3rd world countries.
That's one reason why there a lot of people only accept the big fiat currencies like dollar or euro.
But if they have those in cash, there is the problem of transferring it.
Bitcoin can bring a solution there as well.

[praprata]

I am sure of it that Bitcoin can help some poor countries but if it is willing to do that and how they would do that are two different questions.
But I know that Bitcoin is capable of doing something like this now or maybe even in the future.

[prabowo96]

Can Bitcoin or any other altcoin help poor countries?
how? what can be done?

Bitcoin can help them but the question is how it would help them because is most poor countries the poor people do not have any access to the internet.
Because of the fact that Bitcoin operates via the internet makes this a big problem.

It's a very easy question. If indeed in the poor countries do not yet have internet then we must construct a base to introduce the internet to everyone about the bitcoin. After that we did a socialization towards bitcoin, it does things that are very simple. But it takes a lot of energy and also the funds to build it all

Maybe the initial founds it's the hardest part of all because none give a fuck, people just want invest in altcoins and speculation but the options around the bitcoin/blockchain are so varied, I think on 10 years we can start doing great things and change the world.

[noormcs5]

I am sure of it that Bitcoin can help some poor countries but if it is willing to do that and how they would do that are two different questions.
But I know that Bitcoin is capable of doing something like this now or maybe even in the future.

Yes, of course bitcoin can help the poor countries people, but we can't say that bitcoin do everything for poor countries but still bitcoin helpful for them, Because bitcoin give them work and than they can earn the money. 

[Jeremycoin]

Can Bitcoin or any other altcoin help poor countries?
how? what can be done?

They can do it just by using Bitcoin itself because using Bitcoin is clearly cheaper than using a Bank or any other transaction method. And they can also do some online works and get the money with Bitcoin, which is more difficult to do when using fiat.

[Darwin02]

Can Bitcoin or any other altcoin help poor countries?
how? what can be done?

Bitcoin will help poor country if some one manage a donation for it. Many people who had enough money wiling to help if possible but need people who will manage the donation if people in that country is too poor and don't have internet connection.

[prabowo96]

Can Bitcoin or any other altcoin help poor countries?
how? what can be done?

Bitcoin can help them but the question is how it would help them because is most poor countries the poor people do not have any access to the internet.
Because of the fact that Bitcoin operates via the internet makes this a big problem.

It's a very easy question. If indeed in the poor countries do not yet have internet then we must construct a base to introduce the internet to everyone about the bitcoin. After that we did a socialization towards bitcoin, it does things that are very simple. But it takes a lot of energy and also the funds to build it all

Maybe they have internet, at least mobile internet however they have a limited data transfer and that's the hard point because they can't watch videos like tutorials to learn more... And I think most of they have cellphones too, the problem is the computers to do some work(after learning of course), like freelance...
Yes and the other problem is the criminality, maybe they will have the pcs stolen...

[Imoote]

Can Bitcoin or any other altcoin help poor countries?
how? what can be done?

Bitcoin will help poor country if some one manage a donation for it. Many people who had enough money wiling to help if possible but need people who will manage the donation if people in that country is too poor and don't have internet connection.

Requires a vast amount of bitcoin can help poor countries. It may also be helpful but not too much. But if it is performed and managed well will definitely help poor countries.

[chaser15]

Can Bitcoin or any other altcoin help poor countries?
how? what can be done?

They can do it just by using Bitcoin itself because using Bitcoin is clearly cheaper than using a Bank or any other transaction method. And they can also do some online works and get the money with Bitcoin, which is more difficult to do when using fiat.

It's depend on the online connection status of the said poor country.

Honestly banks are having a hard time too to reach those people in a poor country so what's more if it's on bitcoin.

[machinek20]

I think yes, if somebody collect charity using bitcoin to help them, we can teach them how to use bitcoin and any other valuable crypto currency, but it need help from the user first, because if the user not helping them to set up internet connection or teach them about bitcoin, i dont think any of them know what is bitcoin

[X-ray]

I think yes, if somebody collect charity using bitcoin to help them, we can teach them how to use bitcoin and any other valuable crypto currency, but it need help from the user first, because if the user not helping them to set up internet connection or teach them about bitcoin, i dont think any of them know what is bitcoin

charity mean bitcoin can't directly help poor countries because charity can be done through another currency,and i think teaching those poor people about bitcoin is not a good idea since they don't even have a computer nor an internet connection neither so it's really difficult to teach them,they even maybe don't have the basics of operating computer

[Iceborn]

I dont think bitcoins can help poor countrys out of their shit because poor countrys just needs allot of money and not money in a coin they need to change their livings and make something special of it.

[praprata]

Can Bitcoin or any other altcoin help poor countries?
how? what can be done?

Bitcoin and another coins are never will help the poor countries is exit from their problem because like the countries is becoming a poor country is caused by how their government is managing their country and bitcoin is just a currency and just helping you in the currency area.

I do believe that Bitcoin can somehow help poor countries because of the value that Bitcoin has at the moment. I do not think that they are going to help tho.
Maybe Bitcoin needs to become a bit bigger as a company before they move on to something like that.

[Wandering Soul~]

Yes it can if some kind-hearted people donated some bitcoin and will give it to the poor . YES IT CAN ! But just like others the beneficiaries are limited

[skyway1]

yeah bitcoin is already help to poor country there is a lot of people which belong to poor countries they are earning bitcoin free through trading and other online tasks there is maximum people belong to poor country they earning good money from bitcoin.

[bitdumper]

Bitcoin is just a money it is not a magic that will repair everything it is you how have to use it and can make profit/loss with it

[a7mos]

bitcoin can help poor countries in collecting donations. because all what you need is an address and everyone from all over the world can send a donation in a matter of second. it also works fine in remittance because of the low fees comparing with WU

[coinoclock]

bitcoin can help poor countries in collecting donations. because all what you need is an address and everyone from all over the world can send a donation in a matter of second. it also works fine in remittance because of the low fees comparing with WU

fees are lower with Western Union, but still high in countries that are very poor. some cents seem low to you, but this might be a days work in some poor country.

[socks435]

bitcoin can help poor countries in collecting donations. because all what you need is an address and everyone from all over the world can send a donation in a matter of second. it also works fine in remittance because of the low fees comparing with WU

Yeah if they seen that you are telling the truth that you need help from others .. someone can help you deposit in your account for donations
But not every body are giving good money you need to make more money to help poor people.