bitcoin in developing countries

[Btcschool]

In developing countries, the cost of living is very much inexpensive. So income from bounties goes a long way for them in that part of the world. Some even opt to not work at all and just focus on crypto currency. The number ofnthem are growing and I think it is good for the economy because they actually go out and buy stuff now.

Yeah you are right because now the price is above $8000 which is very big amount and I am not able to buy just a single bitcoin. Having five bitcoin in my community means the richest man in the society. But still many people in my community are using bitcoin and trading ig it because of the high margins of profits. My first choice for investment is bitcoin.

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1714155201

[Baronggot]

It seems to me that some developing countries like JAPAN which already classified as a first class country with a very good economic status has embraced the blockchain technology while other countries just banned it totally and it's really ironic to think it like that.

[yoseph]

It seems to me that some developing countries like JAPAN which already classified as a first class country with a very good economic status has embraced the blockchain technology while other countries just banned it totally and it's really ironic to think it like that.

In what part of the multiverse is JAPAN categorized as a developing country. Most developing countries are in Africa and most of them have embraced Bitcoins especially the youth who are not working. Most of them are actively engaged in bitcoin mining.

[CoolSkeleton]

Belarus making cryptocurrencies legal, our president says that IT sphere is the best way to develop to us, but it actualy do not making any real profits for government

[cryptosluck]

Bitcoin in developing country is very strong and many new atms are coming in the those country and expansion is quite high in numbers

[jak3]

it is a best tool specially for developing county. i am from India and i can say bitcoin has changed my life completely and it helped me a lot to see everything clearly on the world around me. It has helped me with money and mostly with the experience which i made from many mistakes. I have faced many problems and got scammed at the starting but have't looseness any faith.

[Boh manok]

Nowadays bitcoin is widely embraced by relatively developed countries but developing countries are not losing out to the growing number of people Bitcoin is getting better in developing countries such as Indonesia, India and Malaysia for example bitcoin is already very widely used by society both for transaction tool and as livelihoods so bitcoin in developing countries is now getting better.

[Daseento]

The effect of Bitcoin on developing countries is minimal or even negligible as most of the population have either not hear about the technical and others are skeptical about it-govenment not excluded. Too much circulation of paper currency is the major cause of inflation, not digital currencies.

[Docbee]

It has impacted many nations positively take for instance the people of Zimbabwe it has helped them out of mess they found themselves it has helped peru as a country in variis ways.

[xbl1008]

bitcoin in developing countries may face a hard start introducing crypto currencies to its citizens because its something new for them and possible hard to understand because of their lack of exposure to the drastic phase of technology they are rather late in this trend and may experience a tough understanding in the learning curve that will give them the information what blockchain really is, but if successful implemented its will be market strongly because of their populous areas that needs developments.

[Maame Esi Sergio]

Exactly, news about bitcoin really spreads faster than anything in the business news. Many people are gradually becoming aware of the potentials of bitcoin and would like to engage in bitcoin matters. In the developing countries, standard of living and unemployment rate are very high and so many devote their time to learn and engage in matters of blockchain technology to earn a living.

[thegreatdodoy]

Exactly, news about bitcoin really spreads faster than anything in the business news. Many people are gradually becoming aware of the potentials of bitcoin and would like to engage in bitcoin matters. In the developing countries, standard of living and unemployment rate are very high and so many devote their time to learn and engage in matters of blockchain technology to earn a living.

bitcoin is really better when investing to developing due to its digital technology that help boost bitcoins widest coverage

[cah ndablek]

If disturbing it depends on the attitude of the user like what in the future so that the government is in need to anticipate the bad thing when bitcoin start inaugurate it and still make use of local currency as a legal means of payment until whenever.

[ylnar123]

In my own opinion,  I guess thats not true with bitcoin.  Because as far as I know,  cryptocurrencies have the potential to change the lives of some of the world’s poorest and most desperate people for the better. Cryptocurrency can improve lives by helping residents of developing countries participate in the global economy and escape from poverty.

Hyperinflation, poverty, lack of jobs, lack of access to banking, lack of capital, and poor access to markets are among the problems that bitcoins can help people in developing nations solve. This will be achieved by giving everybody in the world access to modern banking and financial services through the blockchain.

There are now many entrepreneurs, economists, aid officials, and bankers who believe a combination cryptocurrency and mobile phones, will give the world’s poor access to the global economy.

Indeed, but it will only materialize if the people living in such poor country willing to be educated and eager to learn what Bitcoin and cryptocurrency can do to their lives. It is not as easy as 1 2 3 when we talk about educating people about crypto, so it needs a thorough planning on what to do to instill the knowledge we have to share to the public.

[ttking]

The government through the legal field can influence the value of monetary units and other things and services. If the state has legislated high taxes, then the business, in turn, can hide assets in the crypto currency, which will positively affect its value.

[btctalk123]

In my country people and even government is understanding that bitcoin can be highly positive and useful for the economy and wealth

[spongegar]

Fact, the cost of living in a developing country is very low, ao a dollar can really go far there. Payments and income from crypto currencies is low but not low enough to make a person from a developing country not to consider it full time. The money from crypto currency can make one retire and have a family.

[kisscoin]

Bitcoin can only give ordinary people the opportunity to become richer and financially independent. This scares the government, so they are hindered... 

[manismanja]

I see in my country already many who developed the world of cryptocurrency and I also see many countries that have started to develop digital currency and created many new cryptocurrency from various countries.

[@hosimanaka]

At present, I see that the MOFs in developing countries do not care about the MOF. If they are not interested in the MOF, they are not quite accurate enough to meet the BTC requirement for the economy. for their people. So they left people wanting to join the BTC on foreign exchanges.