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Author Topic: How can Bitcoin help the developing world?  (Read 2059 times)
gabbie2010
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March 25, 2018, 02:14:17 PM
Last edit: March 26, 2018, 03:29:58 PM by gabbie2010
 #181

Most developing countries economic policies has done more harm than good to it's citizens due to their  highly devalued currency however most of those countries has to resort to bitcoin e.g Zimbabwe.
Bitcoin has brought succour to the suffering masses by a sort of replacement to the Zimbabwean dollar whose purchasing power has dwindled to the minimum.

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Ravion
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March 25, 2018, 05:27:41 PM
 #182

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.


Developing countries could really benefit from Bitcoin. But governments creating their own currencies using blockchain is not really going to make much an of a difference in those places I think. One of the problems in these countries is corruption. It's not going to help those countries much if corrupt governments start using blockchain.

The way it would help those countries and is if people start using it for doing business and transactions. If most people in those places start using Bitcoin it could create a real free market. That's how a society creates wealth. People could use it for paying fewer taxes to governments. It would also allow businesses to keep more earnings for themselves and this could also mean lower prices for customers.
It could even help in countries where there are strict capital controls, and allow the citizens of those countries to do business internationally.


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March 28, 2018, 01:18:24 AM
 #183

Bitcoin help people all around the world to earn money by investing to Bitcoin. For me,  it is not Bitcoin can really make a significant change and help this developing world.  It is the concept of Blockchain can really change the world for the better. Bitcoin alone cannot help the developing world, but the blockchain can. As of now, many companies are trying to adopt blockchain and I am sure this blockchain will help the world in the future.
rhea1715
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March 28, 2018, 03:28:50 AM
 #184

Bitcoin can help developing the world in a lot of ways. Teenagers nowadays, starts earning money through bitcoin, it's already a big help to each parents. Bitcoin makes our lives easier when it comes to paying things specially to countries who's already accepting bitcoins. And because bitcoin is a virtual money, no one can take it away from you if you'll take so much care of it and be wise in spending it.

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Rrtt
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March 28, 2018, 03:39:41 AM
 #185

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 belong in the 3rd world country. I have my regular job but the salary is just enough for a middle class living. I cannot even support a high education of my children. When i joined bitcoin it helps me cope up with my finances and i can even help my relatives. My friends are also keeping up with bitcoin becs. Of me.
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March 28, 2018, 03:50:55 AM
 #186

Bitcoin can help the developing the world although the world is getting better as well as getting developed ,  Bitcoin will obviously give an better hand developing though it is an digital currency/cryptocurrency it will be totally different from local currency and banks processing.
Zach707
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March 28, 2018, 03:51:37 AM
 #187

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.

There are many opportunities in bitcoin. We started in signature campaign and later we made our investments. I can see that this helps our economy becs. This can help the unemployed have a job. The profit is good which can also provide each individuals good financial status.
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March 28, 2018, 06:46:11 AM
 #188

Bitcoin has already helped the counties who openly accepted bitcoin in their means. How did it help? Well, from the very beginning it has said that we the affiliates have proven 70% of the growth of the bitcoin which may lead people who have a better outlook in doing jobs and the likes of bitcoin. Easy and fast transactions of money, assuring the investors security of their money is a big must.

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troglobait
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March 28, 2018, 06:51:21 AM
 #189


I'm not sure about BTC, but the technology of the blockchain system can exactly help the development of the business. Get away from unnecessary bureaucracy, simplify financial operations. In general, the system should push the world toward globalization. I think it's good
The Monkey King
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March 28, 2018, 06:54:10 AM
 #190

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 help the developing world once the world embraces it as the new cryptocurrecy. Through bitcoin I believe that it can reduce poverty and eliminate unemployment. If these things would be eliminated I believe that this would be the start of development in every country in the world.
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March 28, 2018, 07:30:14 AM
 #191

that really good idea to open bussiness with it
bitcoin is still under development, so the truth is yes, it can
you can open some research to help the development or new tech affilated with it
AmericanBit
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March 28, 2018, 07:34:14 AM
 #192

I think development of the world caused invention of the crypto currency itself.
Lintel
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March 28, 2018, 10:50:46 AM
 #193

Many in the developing world find it hard to get a job, but now when Bitcoin comes with all its convenience, it can help people who do not have jobs to get a job.
and Bitcoin is needed in developing countries to make this country more advanced
I agree, Bitcoin can help in the developing world by the means of those jobless people have an opportunity to earn money even they don't have job or can't find any job because through bitcoin they can earn in which they can spend for their daily  expenditures. in that small it can help lessen crime and hunger. in that small way.
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March 28, 2018, 10:57:56 AM
 #194

A huge amount of people live and work in developed countries to send money home to their family in developing countries. Given that a lot of people don't have access to a bank account, they're forced to use services such as Western Union which sting the user with outrageous fees, takes days and requires the recipient to physically visit a Western Union outlet.
As bitcoin is accepted in more and more places, this can be transferred much faster, easier and cheaper.
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March 29, 2018, 04:17:29 AM
 #195

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.
These days, the number of people who uses bitcoin is going increased rapidly, and I think that all of us both know the reason why they take part in this market. You and me both have the same reason for enrolling into this environment, it’s because this crypto market gives all of us the same chance to earn benefit, earn extra income for life. What more, as far as we know that bitcoin is created by computer technology, and this advanced technology is still developing, which plays an important role in our life. Therefore, bitcoin can be said as potential future of human being.
richan
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March 29, 2018, 04:29:51 AM
 #196

What do you mean by help the developing world? Bitcoins is the same in developing world and developed world. The only difference is the popularity that is not much in the developing world. Bitcoins is like moneygram or western union or any money transfer which is used worldwide and it has no special preference to a particular part of the world. Even some developed world has sophisticated mechanism to block bitcoins transactions but in the developing world ,there is no such restrictions and regulations for bitcoins.
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March 29, 2018, 04:41:39 AM
 #197

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.
Now that Bitcoin has a lot of supporters and supporters, I think this contributes to building a Bitcoin brand and giving it credibility; it can be said that Bitcoin is growing and in the future. The future of the world will undoubtedly change due to the virtual currency bought.

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March 29, 2018, 05:03:07 AM
 #198

Bitcoin helps developing the world by the innovation of technology and utilizing the blockchain technology. It gives a future knowledge to those people who are using it and if it will be recognized in the whole world as part of currency then probably it will surely lessen the cost of time and fee for the transactions that we made.
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March 29, 2018, 05:08:35 AM
 #199

The crypto-currency uses a decentralized technology.Btc is the most popular among crypto-currency.Btc can be used to pay online safely, keeping the depositor's name secret and money can be deposited in the bank.Since the identity of the user is completely hidden,the use of digital currency is often seen in criminal activities.Yet Btc doesn't accept all the countries legally.After validating,it can be said that Btc will help in the development of the world.But it also true that Btc is helping a lot of-personal life, community and economic side.

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March 29, 2018, 05:21:04 AM
 #200

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.
This is true that the bitcoin can change our world because of the help of it from those people who are unemployed has their job now, they can also easier the transaction that bitcoin is involved like paying bills online, buying load and sending money.
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