Bitcoin to 3rd world countries

[thenameisjay]

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 think bitcoins won't make a difference to poverty. Poverty will be there. Maybe bitcoins would just the effects of bitcoins but by a small margin only. However it maybe, bitcoins will always be useful for the poor, rich, and the middle class people. If the government was to integrate bitcoins to the system, then they should be prepared for possible crashes.

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[yana0901]

advantages? yes their huge number. For example - convenience, money profit, interest, discovery and much more

[hackl3r]

I live in Argentina and if you ask "what do you about about bitcoin"(in spanish obviously) in the street, most of people will answer the same "i prefer touch the money", they don't like the volatility...

[Washball]

In poor third world countries, the population has no money to invest in Bitcoin in the first place. In those countries people are struggling to survive, day after day. Governments of most of these countries are so corrupted, their approach to cryptocurrencies is: how can I make money from crypto. Theoretically cryptocurrencies could be very helpful, but the people have no access, so it's not working.

[djselery]

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?

Yes indeed Bitcoin is really useful for the citizens of 3rd world countries, because it is helping them already to get additional income online, and it is helping this poor and unemployed people in this countries. Thats why so mny people from such countries are working with BTC actually.

[Ailmand]

Bitcoin could mean a lot to third world countries in terms of growth and development. I don't think the citizens of those countries would necessarily need to be using Bitcoins as we're talking about countries that can't provide full accessibility i.e proper internet services. Central banks of these countries can invest a part of their reserves into Bitcoin and taking it out a few years later would give them more money (that is if Bitcoin grows) instead of traditional USD margin.

I agree. For countries with poor or slow growing economies, the cryptocurrency market can contribute a lot of change and do significant good in improving their trade and investment industries. Also, it gives little people the power to better their lives through small investments. As they say, when the people is empowered and is going places financially, then the country also is empowered.

[Rajatruck]

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

That's what makes bitcoin fragile

[adzino]

The third world countries will not be anywhere near using bitcoin or other type of crypto currencies. To use bitcoin/crypto currencies, you will need to be online and have an internet connection. Most of the third world countries do not have any kind of internet access thus they won't be able to use bitcoin at all.