Bitcoin to 3rd world countries

[kjnfmplm]

What do you think is the future of bitcoin to these kind of countries which is the poor ones ?
Is bitcoin can be useful for the citizens ?
What would be the government's approach to this kind of currency?

As a citizen to a third world country, I personally think that the future of bitcoin in our country is somehow good. And yes, bitcoin is useful for the citizens in our country. Like me, a bitcoiner who is also currently a student, it helps me to have a little extra money, and when the year passed by, maybe my rank gets higher and have more bitcoin.  As the government's approach, that's why my answer in your first question is "somehow good" is because our country is PLANNING to legalize bitcoin. And also, make them as an alternative method of payment. But, as of now, there is no assurance that they will legalize btc. So, let's hope for the better.

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[Dreamchaser21]

Bitcoin offers opportunity for everyone no matter what your status is. I am from a third world country and I can say not everyone enjoy this kind of technology because not all people here are well educated and know how to use computers this is the problem of a 3rd world country right now, though the government support this thing but its not enough to help people in need. I hope that bitcoin can go higher and everyone will finally use this technology that can changed the life of many people.

[LeonardoDiCrypto]

Well, since Bitcoin has become a speculative asset of course it can be of some use there, since it allows you to increase your weatlh by magic. But if Bitcoin would just be a stable currency, it wouldn't add so much to the 3rd world's people condition.

[fasdorcas]

It's too early to talk about third world countries. Not all developed countries are ready to accept cryptocurrency as the official currency. This is a long and painful process. It will be very interesting to observe the development of this sphere.

You are so right here. These people are talking about third world countries but what is happening in developed countries? All they agreed to legalize bitcoins in their countries and allow their citizens to work on them. No this is not the case in reality.

Only few, you can count them on finger tips out of 200 countries in world accepted bitcoins. First they will be accepted in first world, then they come to third world.

[DRVX]

What do you think is the future of bitcoin to these kind of countries which is the poor ones ?
Is bitcoin can be useful for the citizens ?
What would be the government's approach to this kind of currency?

I doubt very much that Bitcoin as well as the other cryptocurrencies will be used in these countries (at least in the nearest 8-10 years). People there care about simple money that is cash. For them even 10 dollars is a very large sum.

[captin crunch]

It depends on the country, in some of them bitcoin/crypto currency is very popular. Mining and trading is the part of life of society. But or other 3d world countries, in which crypto is something that is very difficult and unknown.

[kioicoin]

I am from a third world country and Bitcoin is an answered prayer. Joining the bitcoin community is not an issue because internet is accessible  and affordable mobile phones are available on the market. Also, the community is gradually embracing bitcoins system due to opportunity offered to achieve financial freedom.

Bitcoin offers the opportunity to invest financially and earn money for countries with difficult economies around the world. Bitcoin offers a number of platforms that help people learn how to get income without investing. That's the best thing that poor people in the world can do to earn more. If you really study the market cryptocurrency and bitcoin you can completely get income from this market.

I think this is possible. As Bitcoin's community power continues to expand, its role in the market is similar to that of legal currency, which can be used to purchase other virtual currencies.

[kpcian]

I think Bitcoin has made a tremendous impact on the social and monetary world. Actually, In the third world country, people usually face a lot of trouble especially in their social life due to lack of financial crisis. So that Bitcoin has opened a lot of opportunities regarding this purpose.
I believe that a lot of people have been involved in this platform and they are gaining a lot of money from this system by trading and investment. So that Crypto world is playing an important role in bringing up a financial opportunity.

[naidray]

What do you think is the future of bitcoin to these kind of countries which is the poor ones ?
Is bitcoin can be useful for the citizens ?
What would be the government's approach to this kind of currency?

Compared to develop the countries, bitcoin must be a blessing for the people who are not having stable economy. Many African country people are forced to use US dollar as they are local currency is getting inflated enormously which is leading into decreasing of their currency's buying power. When they will be using bitcoin, they can be sure about their hard work will not reduce overnight so that they can buy for the money they are actually owning.

Bitcoin must be useful for all the country people at the same time we cannot expect the governments to support bitcoins. We need to plan up based on the regulations where we are living also making use of the most of bitcoin is purely depending on our knowledge about how we spend/save bitcoin within our country and its situation.

[Spades77]

In third world countries like ours, Bitcoin has been a great help for people, regardless of your status in life, if your graduate or not, you can earn bitcoins and your choice if you want to invest or cash it out. Ordinary people and the powerful/wealthy ones have an equal chance of earning a living or just simply investing in Bitcoin. It has been an avenue where in they can have a better chance of financial freedom.

[CNY dasd]

We are not in 3rd world countrie? Encrypting the world of money has become a unique country of the world that changes the environment in which we live, changes our world, makes us more different than ordinary people, and has equal opportunities with the rich.

[Shrinath]

My friend, if you research you will at least understand that Bitcoin and blockchain encryption technology has a greater ability to bring more of the world's population out of poverty than anything we've seen in the last decade. The ones who have not ventured in the world of crypto is because of the problem is the infrastructure and education delivered to them.  Since, Bitcoin is “beyond borders” it will be as useful to every citizen, at least help in improving their living standards, indifferent from the country they belong to. Hence, the effectiveness of the technology will be as useful to the citizens of the 3rd world countries as it will be in the 1st world countries. We are also observing more of the middle and upper classes to be involved in mining and investing in their cryptos. Finally, since the economy of a country is primarily based on “centralization” of their currency, the governments will always be against the cryptos, since their foundation is based on “de-centralization”.

[gantez]

I do not believe that the benefits of bitcoin goes to a particular region of the globe nor its diaadvantages , to another part of the globe. Rather, what I see is a whole lot of opportunities being granted to humanity by bitcoin and the blockchain technology.

The view that the disadvantages are more to the so called 'third' world countries are mere falacy because the industrialized nations are still encumbered by some of those misgivings of bitcoin. Moreover, it is not every individual in the industrialized nations that are into the business of bitcoin nor have anything to do with it. Some have also seen it as a bubble waiting to bust in the faces of adopters. So , we see is not just a thing of disadvantage to the 'third world'.

On the other side, to say that the industrialized nations are also beneficiaries of the bitcoin is felt in the exchanging value of bitcoin to their fiat . The point is, bitcoin earnings also support to argument their financial challenges which they wouldn't have been able to undertake if and where the exchanging rate of bitcoin were to be lower than their local fiat.

Consequently, whichever side of the coin, bitcoin is also making financial gains to every part of the globe.

[imapessimist]

It would be a very bad idea for people in those countries to get involved in Bitcoin.  They have only a very little money as it is and they should not lose the little money they have.  It would be really irresponsible to promote Bitcoin in those countries as some kind of get rich scheme.  Because a few people might get rich but others will lose all their money. 

[bitfocus]

Bitcoin and the Blockchain is already helping 3rd world countries by creating remote jobs, these people also get the right to be treated equally by the blockchain jus at a first world country citizen in case of investment and gaining from the world market.

[Krispin47]

What do you think is the future of bitcoin to these kind of countries which is the poor ones ?
Is bitcoin can be useful for the citizens ?
What would be the government's approach to this kind of currency?

In my opinion bitcoin will be a lot useful to that kind of country but that does not mean that all people living on that country are poor, example would be our country which is Philippines, Ph is underdeveloped country but there are wealthy people here and lots of investors. Person who will be having this coin is the higher class ones , than the poor because bitcoin has a high value some cant get ride the flow and only some will can.

[JeBro]

For some countries in which very strong inflation, for example, Venezuela or Zimbabwe, bitcoin is a good way to save
their funds and protect them from depreciation.

[BitChief]

For some countries in which very strong inflation, for example, Venezuela or Zimbabwe, bitcoin is a good way to save
their funds and protect them from depreciation.

I think that for this emerging market countries bitcoin has a lot of additional value, because it not only acts as a store of value but also enable users to hedge out some of the political risk in their national currency

[carodupuis]

What do you think is the future of bitcoin to these kind of countries which is the poor ones ?
Is bitcoin can be useful for the citizens ?
What would be the government's approach to this kind of currency?

I doubt very much that Bitcoin as well as the other cryptocurrencies will be used in these countries (at least in the nearest 8-10 years). People there care about simple money that is cash. For them even 10 dollars is a very large sum.

You are underestimating third countries a little bit no doubt that they will take some time and it would also late for them by that time but by looking at the present progress rate of all crypto currencies specially bitcoin, we can say that it will reach faraway places within next 5 years. But the main problem is, a person must have some knowledge of computers so that he can use it for getting benefit.

[Sithara007]

For some countries in which very strong inflation, for example, Venezuela or Zimbabwe, bitcoin is a good way to save
their funds and protect them from depreciation.

But in that case, Bitcoin can pose a great deal of competition to the national currency (I am not even sure whether Zimbabwe is having one), and the authorities will crack down on its usage sooner or later.