Can Bitcoin help poor countries?

[rizzlarolla]

yes in one sense it can help poor people, but poor have no facilities of computer and internet, therefore bitcoin is not so much profitable to them as they have no access to bitcoin,

thats true, mainly it can help people in my opinion though anything is possible to be honest

You are not really adding something to this topic to be honest, Bitcoin can really help poor country's if such country's gain bitcoin accepted stores it can help there economy and give it a little boost to a stable currency.

Thanks Sandroxa. Think I have just found more farmed accounts. (you being 1 of them)

[prabowo96]

Make an analysis, even with the government corruption if every citizen of that country is help by bitcoin, I think it will at least upgrade the status of living of every family in that country.  Take note, bitcoin does not go thru government hands but directly to those people who are working in it.  With jobs offfered by  bitcoin and people taking that job, i would say it will help the citizen of that country.

Agree, it can really  help the status of living if they are diligent enough in finding services and offered it online.Bitcoin is as good as cash and it will benefit the freelancer.In most countries where employment is low,they take thier services online.Actually, not only poor countries is being help by bitcoin,fully industrialized too.

I think the point here is: people should start accepting bitcoin as a payment method! So they all can escape from government authority(at least in part).
Actually that's it, most people just earn bitcoins doing freelancer stuffs, but bitcoin can fit in a lot of more places.

[MWesterweele]

I think yes bitcoin can help poor countries by knowing what will bitcoin can doo first thing bitcoin can help lives specially when you are jobless bitcoin can be your boss work for him then you will know how to work money from inter i was also a jobless before because of bitcoin now im earning money.

[Superzpay]

yes in one sense it can help poor people, but poor have no facilities of computer and internet, therefore bitcoin is not so much profitable to them as they have no access to bitcoin,

If someone donate them the a computer/laptop and give them access of internet for free for some time only and teach them to learn bitcoin then they will sooner start earning a good income and will be able to survive themselves and will fulfill their requirements.

[uname]

yes in one sense it can help poor people, but poor have no facilities of computer and internet, therefore bitcoin is not so much profitable to them as they have no access to bitcoin,

yeah it could save a country if all or half the people of the country to join in and get bitcoin bitcoin? bitcoin certainly will help their lives will automatically help countries

[prabowo96]

I think yes bitcoin can help poor countries by knowing what will bitcoin can doo first thing bitcoin can help lives specially when you are jobless bitcoin can be your boss work for him then you will know how to work money from inter i was also a jobless before because of bitcoin now im earning money.

I don't know the "you can be your own boss", actually you can work in any place and ask for your boss pay you in bitcoin, the point is the fee's, etc...

And well, you can be a freelancer working with fiat too, have a site and earn fiat with adsense or other adnetwork.

[knightkon]

One of the only issues I see with this is that poor countries do not have the computer or internet to use bitcoin.  Because of this reason only, I do not think that bitcoin will be able to help these countries.  I actually think it could hurt them if bitcoin would become a world currency.

[ranochigo]

It depends. Less developed countries usually do not have good banking or money remitting infrastructures. This could help them in transmitting the money over long distances with low fees. That being said, they do not usually have good internet penetration rate which could slow the rate of Bitcoin adoption.

[mirakal]

It depends. Less developed countries usually do not have good banking or money remitting infrastructures. This could help them in transmitting the money over long distances with low fees. That being said, they do not usually have good internet penetration rate which could slow the rate of Bitcoin adoption.

In a less developed countries the remittance is very expensive therefore we have the responsibility to help these people to be educated with bitcoin so they will no longer pay the services of the whales or sharks remittances in the area. They will be help if they will be knowledgeable.

[Noctis Connor]

I think Bitcoin has helped a lot of people including, but not limited to, poor countries. Even in third world countries, there's an Internet connection. It might be slower than those of first world's, but speed of the Internet isn't actually enough force to stop someone doing Bitcoin.

Since most people in poor countries struggle to find a job because they don't have a degree, or maybe it was just because of their crazy government. Whatever the reason is, they could always earn money from Bitcoin.

It's true bitcoin has helped lots of people regarding on earning from internet but not the whole country but if we say that bitcoins can really helps country then the country may using bitcoins all over and it is populated already if they really know what to do in bitcoin well thats good bitcoin can help them

[Patatas]

In a less developed countries the remittance is very expensive therefore we have the responsibility to help these people to be educated with bitcoin so they will no longer pay the services of the whales or sharks remittances in the area. They will be help if they will be knowledgeable.

You have no clue what you're talking about do you ? Please google what remittance is and see how it fits here ? If you use a service based in Usa to send/receive money in your nation obviously it would much expensive assuming that is a third world country.I'm sure every country has their own digital wallets by now which charges a lesser amount according to their economical conditions.Bitcoin can't help poor countries.Bitcoin is not  a magic wand to turn poverty into lucrative economy.

[qiwoman2]

I think it can and it can reach people in remote areas where a fixed banking presence is not there. Any more and more people in developing countries gain access to mobile telecommunications, it's easier for them to do transactions in bitcoin, so yes it can benefit those in developing countries I think.

[virasog]

I think it can and it can reach people in remote areas where a fixed banking presence is not there. Any more and more people in developing countries gain access to mobile telecommunications, it's easier for them to do transactions in bitcoin, so yes it can benefit those in developing countries I think.

Mobile phones and mobile internet is really needed, but I suppose in the home internet can still start the ball rolling and get things going. 

[Sweetbtc]

While we are not the biggest fans of FIAT, at the same time a small country often depends at the state and government level on the value of their currency and while it may briefly help the local people and communities, a influx of Crypto might even have the power to make a poor country fall to pieces. 

[coynedterm]

i think yes , because any poor country's people can use Bitcoin and can make money throughout the year this Will rise to the economic power of the people and this will reult in the rich making people in that country .

[mirakal]

i think yes , because any poor country's people can use Bitcoin and can make money throughout the year this Will rise to the economic power of the people and this will reult in the rich making people in that country .

The thing is not all people wants to invest in bitcoin or even care if the price will grow or not, there concern is as long as bitcoin has a value they will transact, and for poor countries remittances using bitcoin is really a big help due to low cost transaction.

[Caladonian]

i think yes , because any poor country's people can use Bitcoin and can make money throughout the year this Will rise to the economic power of the people and this will reult in the rich making people in that country .

The thing is not all people wants to invest in bitcoin or even care if the price will grow or not, there concern is as long as bitcoin has a value they will transact, and for poor countries remittances using bitcoin is really a big help due to low cost transaction.

For me this would be a great help if money remittance can be establish especially with those poor country so they can have some savings instead of using bank or any form of transaction.

[1Referee]

i think yes , because any poor country's people can use Bitcoin and can make money throughout the year this Will rise to the economic power of the people and this will reult in the rich making people in that country .

People in poor countries have their main priority set on surviving/making sure they can make the ends meet. Investing is something that doesn't come up in their mind since they can't live without their money.

[Zadicar]

i think yes , because any poor country's people can use Bitcoin and can make money throughout the year this Will rise to the economic power of the people and this will reult in the rich making people in that country .

People in poor countries have their main priority set on surviving/making sure they can make the ends meet. Investing is something that doesn't come up in their mind since they can't live without their money.

True, they would really have a hard time to invest since  on poor countries  theyre salary  or money is just  enough for their  daily needs and     none would be left  on their money  for investments. For bitcoin  if they are aware on  its existence maybe theres a possibility that it would somehow  help them but  it really needs effort too.

[iqlimasyadiqa]

i think yes , because any poor country's people can use Bitcoin and can make money throughout the year this Will rise to the economic power of the people and this will reult in the rich making people in that country .

People in poor countries have their main priority set on surviving/making sure they can make the ends meet. Investing is something that doesn't come up in their mind since they can't live without their money.

but bitcoin could make them more exposed. especially in terms of business.
they can make an online business and they can also sell to some areas that have high levels of a better economy.