Bitcoin to 3rd world countries

[Asuspawer09]

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?

Bitcoin is for everyone. This means that even the so called poorest people or person. I believe these people would barely welcome bitcoin to minimize and rise up their economy in terms of employment.  So does their government to implement bitcoin. This will be a good help not just for the citizen but also to the country itself.

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[nmax21]

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.

[hao2067755834]

BTC still has great potential for cryptocurrency in the third world. A significant portion of the population of the country people do not have a bank account or can't use credit card loans, and other financial products, it cause the currency to become a kind of feasible transfer funds and investment tool.

[samuraijin]

bitcoin is very useful for many people and bitcoin has changed some of the users better than the financial system. all angles of bitcoin are very useful because bitcoin can be beneficial for anyone who uses it. government issues. if the government approves bitcoin as a means of payment the possibility of the people will prosper from the bitcoin income

[phudinh]

I'm living in a 3rd world countries.
Bitcoin and other cryptocurrency has already changed our life a lot, not only the asset but also knowledge and oppotunity to be equal to the rest of the world ^^

[monkeydominicorobin]

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?

Bitcoin is the saviour of the 3rd World. And the future is in favor of Bitcoin specially when it comes to these countries. It is so useful to mankind and citizens since it never asks for IDENTIFICATION. And all types of governments are bound to milk it through tax regulations.

[mOgliE]

Hi,

It is not so simple to answer such question...

1- I think that for the populations within such countries, as long as they can have access to a computer and internet, it would be very interesting to use bitcoin. They can use it as a new source of revenue but also as a "stable" currency, in order to avoid over inflation of their country currency.

2- In such countries, the economy is hard to stabilize, and that is why many governments are using inflation. Generally, those countries are submitted to the control of other large, rich countries and thus the policy adopted by the government can be rather in favour of foreign interests than for the people.

3- Of course, it depends on the country, but for many poor countries, corruption and large-scale manipulation is the rule. So bitcoin will never been seen with a good eye by authorities, but it can grant power to the individuals.

So you see, the debate is tricky! And actually, I think that every country has some specificities that would be interesting to develop in oder to understand the potential bitcoin has there.

[eann014]

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?

Bitcoin is already acceptable, it is acceptable here in our country and hopefully it will not banned by our government. A lot of citizen here already uses bitcoin because it can help them with their extra needs. Just like how I use my bitcoin. Our countries don't need to change our currencies with digital currencies because our current currencies are still important because of its stable value.

[intoy_victor]

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?

The future of bitcoin to the third world country well be depend on how they will handle it.

Bitcoin is useful to citizens if they use bitcoin for financial support and change their life status it much be better.

Will I think government will be against first on bitcoin.
Because it is risky to invest bitcoin because of the price is fluctuate.

[warning_btc]

Bitcoin useful for any country which have internet connection. There is other question, what think government about bitcoin.
I think 3rd countries often will be ban bitcoin in near future

[orions.belt19]

Bitcoin or any other crypto is useless for poor countries for several reasons:
1) there is no infrastructure for that
2) most people don't have computers and stable internet connection to run transactions
3) citizens of such countries may have no idea what crypto is, because they've got bigger problems

1) What do you mean by 'no infrastructure for that'? no infrastructure for what? Admittedly enough, most third world countries lack in infrastructure but this pertains buildings, roads and etc so I don't see how it's related to the use of cryptos in a country.
2) that's true - but there are in fact a large number of people from third world countries who are users of crypto. In fact, a huge percentage of the population in this forum are from third world countries like the Philippines, Indonesia etc.
3) That may be true but that would only pertain to the minority - and mostly uneducated sector of a country. I believe that in a third world country, the population is educated and would somewhat encounter or hear about bitcoin. The financial and business sector of a third world country would surely know about bitcoin or crypto as well. Third world countries are not totally left in the dark because some have even made efforts to make adoptions or some governments have released statements about crypto because there are users present in the country.  

[Lago_V]

Bitcoin is available to people who use internet. In 3rd world countries, internet penetration is not high. Plus, you still need fiat money to buy cryptocurrencies. People who are struggling to buy food will not invest in something non-material. So, only the richest individuals can benefit, unfortunately. 

[Ctn]

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?

What do you think is the future of bitcoin to these kind of countries which is the poor ones ?

For such countries bitcoin is like heaven and they already packed the valuation for their own fist currency. This helps them more because such fiat currency which is invaluable will have ten folds more value in terms of bitcoin and it can be good sign for them. If you are earning 10 USD then may be they are ten times more in their own local currency. So it's great thing for them and chance to achieve financial stability I'm their own country.

Is bitcoin can be useful for the citizens ?

As I said it's very heavenly for them but then again these are 3rd world counties meaning they might not have great infrastructure and they may lack that much knowledge in first place. Generally those who are smart enough in these countries might just become boss like personality.

What would be the government's approach to this kind of currency?

With current events that are happing in the world I do believe no government is happy about it.

[SonOfNorth]

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.

There's really no benefit in having an official cryptocurrency for a country, regular digital money works much better in that setting anyway. But it's true that in most places cash still is the king, so we still have a very long way to go in order to have even digital money accepted everywhere.

[Jackblack90909]

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?

Most of this countries don't support Bitcoin and some of them illegalize it. But I know so many people from such countries working hardly with BTC and crypto currencies to get an additional income online. They can convert this currencies to their fiat money easily through the trusted exhnagers online.

[jaaeeeyyyy]

It would be great specially to those who are needy. 3rd world countries or underdeveloped country will able to cope up financial stability and financial freedom if ever for having  at least a smartphone or computer. When many will give their support on this specially government it can reduce the rate of unemployment in the country though it is in the process and still debating in the government.

[MGmahesh]

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?

if in my opinion, in its role bitcoin greatly assist the development of developed countries, such as these third world countries, because the presence of bitcoin is considered an important factor in pumping government income from personal income.
for people who are able to adapt themselves to this era is very helpful, but for residents who are left behind in technology and information midwives I think they will not feel that they are helped, so the benefits are less effective.
the government's approach varies, depending on the majority of the stakeholders, the government's policies and approvals can be seen from the facts of the people's needs in the country. I think good government will compensate and be able to control the interest of the people.

[Lorna t]

  In fact the bitcoin for me seems to be a way to equal , everyone especially in the third economy and bitcoin no longer provide all these investors for the shortest years bitcoin is a move to our lives going to something I did not really want to emulate me how to realized that it could do all my life with something every hour of it and it really help me set a little bitvof time , or midnight and long hours yet our goal are where I can motivated me to hold it today .soon much I like bitcoin will definitely change our world because of bitcoin.

[burnchan]

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.

[hieuho381]

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.