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August 07, 2017, 01:37:33 PM |
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It would be a bit hard since it'll take money for them to be able to get bitcoins, unless of course some NGO is willing to send donations in BTC. This would probably only work on moderately industrialized countries like those in Southeast and Southeast Asia, I'm not sure about Africa.
The people would need smartphones, a stable internet connection, and at least one local bitcoin exchange. Provided all those things, their wallets can be seeded with donations, which they have the option of cashing-out immediately to buy needs, or for holding and trading. Once they've had sufficient BTC, they can probably start lending money to each other using bitcoins. It would also become easier to crowdfund a venture since multiple "investors" can send a few µBTC. Heck, it could even be the start of them paying each other in btc rather than fiat.
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