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Author Topic: How can Bitcoin help the developing world?  (Read 2057 times)
BitBuff2000 (OP)
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October 11, 2017, 10:47:56 AM
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I want to try open Bitcoin Business. This cause I just have this question. I wanna know is Bitcoin can give a better world and future.
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craZyLovE0916
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October 11, 2017, 10:53:33 AM
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Well I guarantee you any developing country that invest a lot into Bitcoin now will be very happy they did so in a few years from now. Wink
Gotumoot
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October 11, 2017, 11:33:46 AM
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Bitcoins have an important role to play in making our lives easier. So you're thinking about what bitcoins give in our lives see how people have been successful in life because of bitcoins. Now they are no longer working hard and are happy to have their families around
LuciferAB
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October 11, 2017, 12:01:19 PM
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Bitcoin helps the developing world in many ways. It creates job for people and reduce unemployment. In this way it effects country's economic. It helps in online money transactions.
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October 11, 2017, 12:02:47 PM
 #5

For the developing world to benefit from bitcoin or crypto currency they have to adopt crypto currency into there system as soon as possible. And at the same time, they need to invest heavily to get the much needed money and to make businesses easy for the investors that will come into their country, and that will lead to development of the developing countries in the world.  
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October 11, 2017, 12:05:52 PM
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It could help proliferate online jobs. You're not going to need a bank account to get paid, and there will be less legal stuff you need to take care of. Get a wallet and you're done. It's also more convenient to transfer money around the world. Other than those I see no significant impact.
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October 11, 2017, 12:13:58 PM
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I want to try open Bitcoin Business. This cause I just have this question. I wanna know is Bitcoin can give a better world and future.

Bitcoin can't help the developing world. The Blockchain technology help the developing word.
Nasty23
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October 11, 2017, 12:18:38 PM
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It could help proliferate online jobs. You're not going to need a bank account to get paid, and there will be less legal stuff you need to take care of. Get a wallet and you're done. It's also more convenient to transfer money around the world. Other than those I see no significant impact.
Yes it can help many people who are wanted to have a fast transaction wherever they are and also it can opens a big opportunity for everyone who are wanted to earn an income through internet by using bitcoin.

harbin55
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October 11, 2017, 12:30:05 PM
 #9

bitcoin help the developing the world by giving opportunity to others!!
giving opportunity is help the country or world to earn for their development
making the world much better investment on bitcoin gives you a opportunity to earn a good profit in future!!!!
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October 11, 2017, 01:17:25 PM
Last edit: October 11, 2017, 01:44:23 PM by btccashacc
 #10

I'm not sure that bitcoin can help the developing country I mean how can it help the country if that country and their government against it and trying to ban it. It might be blockchain the technology behind bitcoin, we all know that there are so many benefits from blockchain that can help the country especially financial systems, but if your talking about bitcoin i don't know it's such a threat for them.
AT101ET
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October 11, 2017, 01:22:38 PM
 #11

Lots of countries in the developing world suffer from corruption, low wages, lack of infrastructure and so on.
BTC could help drastically when it comes to buying and selling goods. Merchants can be guaranteed set prices (no exploitation) since the transactions are publicly recorded on the Blockchain. Those living in rural areas don't need to travel to the city to deposit/withdraw from banks but rather they could access their funds from their mobiles.
The Blockchain could vastly improve the economic situation there and allow real fast paced development.
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October 11, 2017, 01:23:57 PM
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I want to try open Bitcoin Business. This cause I just have this question. I wanna know is Bitcoin can give a better world and future.
I think it make easier and have an unity that bitcoin can help the world if the bitcoin is decentralized i think its good to them. And it make easier because like the others who unemployed and have a rought time to a field job will be fit in this because if you used bitcoin you got an earning and it is easy to used and its have an faster transaction
Red-Apple
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October 11, 2017, 01:30:50 PM
 #13

I want to try open Bitcoin Business. This cause I just have this question. I wanna know is Bitcoin can give a better world and future.

i wish i could remember the details of a real story that i read some time ago so i could find it and share a link with you. there was a guy in a developing country who started mining bitcoin and then use that bitcoin to buy stuff from other countries and import it in his own country and sell it there. i think his country was under sanction or something and couldn't do it with fiat.
and he had made an empire from this for himself. a lot of profit although mining was not exactly profitable for him but he used the reward to make a huge profit.

being global, decentralized and kind of anonymous can be helpful a lot.

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naf
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October 11, 2017, 01:34:44 PM
 #14

As you say, it may 'help many people who are wanted to have a fast transaction wherever they are and also it can opens a big opportunity for everyone who are wanted to earn an income through internet by using bitcoin''. However, I don't think it will 'create jobs for people and reduce unemployment' in the short/medium term. In fact, I consider that adopting a world universal fiat may be bad for our economies as it usually happens when we eliminate trade tariffs on goods.
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October 11, 2017, 01:36:30 PM
 #15

Bitcoin is the best crytpo currency that can help to develop the world since it is used as a currency and as an asset.
BTC holders treat it as an asset and hold it for long term which determines that Bitcoin is a futuristic coin and can be used for a very long term.
People make payments and transactions through BTC which determines that it can be used in real time situations and hence it can be used towards developing the world.

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Gunawan82
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October 11, 2017, 02:20:46 PM
 #16

when developing countries need economic development to become a developed country,
there is a bitcoin that can turn a developing country into a developed country,
Because with bitcoin makes people who do not have a job can have income ..
TrueAnon
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October 11, 2017, 02:32:39 PM
 #17

Well people can make cheap money transfers, buy things without having bank accounts or credit cards. They can also store money (and might even make a profit without doing anything). They don't pay bank fees.
Mister1k
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October 11, 2017, 03:04:26 PM
 #18

Bitcoins have an important role to play in making our lives easier. So you're thinking about what bitcoins give in our lives see how people have been successful in life because of bitcoins. Now they are no longer working hard and are happy to have their families around
Bitcoin is developing our economic status easier. Digital currencies are occupied in major role of future world. Bitcoin is a user friendly , we can use any place and vice versa.  Most of the people's are like to buy bitcoin only. Because it should increase the value day by day.
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October 11, 2017, 04:17:00 PM
 #19

39% of the World's Population does not have a Bank account. { 2 billion adults } .... You do not need to have a bank account

to use bitcoins, so this already solve one of the major problems these third world countries are faced with. People from 3rd

world countries, working in 1st world countries...can send money home, without having to pay 10% or more in fees to greedy

remittance companies like MoneyGram and Western Union.  Wink

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Creepings
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October 11, 2017, 04:20:32 PM
 #20

I want to try open Bitcoin Business. This cause I just have this question. I wanna know is Bitcoin can give a better world and future.

I don't know really know since bitcoin is just using this as a investment tool or a way to get an extra profit. From that I can say that it can help the people from getting some extra income out of services and advertisements but making the world better and having a good future because of bitcoin? I dont think so.
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