bitcoin in developing countries

[BlueStackz]

Bitcoin's acceptance is increasing in many countries. Surprisingly even the developing countries are taking it on. But it might not solve many of the problems in these countries. If you are good at crypto-economics, you very well know that bitcoin has a deflationary nature. So, it cannot in any way possible lead to inflation. But it won't also solve the corruption problem that many of these countries are facing. However, I'm confident that bitcoin is a good development for developing economies. So, it should be encouraged.

Indeed, its really surprising to see many developing country right now accepting cryptocurrency and bitcoin. Maybe many country still prohibit bitcoin if used for payment but they still allowing bitcoin for trade. Bitcoin will bring more peoples more aware about cryptocurrency and i do believe in near future bitcoin can be used for payment in every country in the world

We I agree and appreciate the positive picture we all have about Bitcoin but have you guys read some of the contradicting views that it is not good for an economy with having fiat or cash money and banks? If an economy is build around the paper money of fiat, it would be controlled by the central banks as well and the government with its fiscal and monetary policies will be able to have a check on the unemployment and inflation.

But Bitcoin takes over in such countries, it will not be possible for the government to regulate things and might lead to mess which is a disadvantage of the role of Bitcoin in underdeveloped countries.

[eann014]

I think bitcoin is not really developing the country as it is because bitcoin is just can be used by people or by us, not our countries because bitcoin is not held by the government, so there are no taxes if you earn some bitcoin but we can develop countries by our own if we want to use our hard earn bitcoin, we can share or donate to those who are in need but it is really hard if your earned bitcoin is just also enough for your family and for our daily needs. I am just pointing here that, we don't need to think a lot about developing our countries because 1st of all we must also need to use our hard earned bitcoins or money for our own sake before the country, there are the Governments and they will do their duties and responsibilities as they can.

[CryptomartN]

at present, bitcoin is becoming known to people around the world, especially in developing countries. the majority of bitcoin is introduced through news on television and on the internet. Therefore people are starting to want to know what bitcoin is and if it appeals to them, they will invest instead?
Well the government should not be silent on bitcoin, they think bitcoin is disrupting economic stability and there will be inflation in the country.
Do you think that bitcoin will disrupt economic stability and there will be inflation due to bitcoin in a country?

Bitcoin will not disrupt economic activities. It will even help to enhance it.

[lepeirisjs12jsjs21]

People are scared that rising inflation will replace electronic money. But I think that only happens when that country actually has the cryptocurrency industry developed. Let the government pay more attention to Bitcoin and make more efforts to bring about the positive aspects that Bitcoin offers.

[JACKSW4G]

at present, bitcoin is becoming known to people around the world, especially in developing countries. the majority of bitcoin is introduced through news on television and on the internet. Therefore people are starting to want to know what bitcoin is and if it appeals to them, they will invest instead?
Well the government should not be silent on bitcoin, they think bitcoin is disrupting economic stability and there will be inflation in the country.
Do you think that bitcoin will disrupt economic stability and there will be inflation due to bitcoin in a country?

You are right that government should not be called and passive about cryptocurrencies each year, but it seems like some of the countries are totally neutral about it and they are not making any statements.

[jestbenen8]

bitcoin in japan is already developing, because in japan state bitcoin forums and even bitcoin in the trading market already in official, bitcoin during its will progressively progressively and progressively expand.

I think that bitcoin is helpful for them to increase their economic condition, not only individually but as a whole country, I think that in future we will see that more and more developing countries will start the use of bitcoin and will even make it a legal currency.

[hispout]

Bitcoin in developing countries is seen rapid growth in terms of ATMs and banks are supporting crypto deposits and even bitcoin-based banking products

We learn well by observing or testing something with other materials or sources after getting positive results we adopt that for benefit. Now similarly countries where the Bitcoin is opposing are in negotiations with countries where the Bitcoin is using so as to adopt the system they are making progress with it. We are hearing positive news about the adoption of Bitcoin and this is only for benefit as the Bitcoin is responding very well.

[Streamlink]

Bitcoin has a good response in many country. Bitcoin will help those country to overcome their financial crisis and also help to built a strong economic in those countries. In central Africa country like Kenya, Zimbabwe etc taking the benefits from bitcoin through Bitpesa . This app help them in their transaction and in many other thing also. Bitcoin mainly reduce the unemployment issue in those country by providing job in their country people.Bitcoin also provide its mining  help in those country to create their own Bitcoin. With the help of Bitcoin they can buy anything from Internet. Even those thing which are not sold in their country 

True, maybe if they let bitcoin reign also in their country maybe people has more better lives and pay their taxes since btc let them invest on it and make profits.

Let us have a look at some countries which have progress with the old system but with the addition of modern technological system they are saving money and are making profit to build economies and they are successful in their work with Bitcoin. Now other countries have also started contacting Bitcoin’s countries to bring that proper system to their countries as well for they are also looking for progress.

[nightways]

People are scared that rising inflation will replace electronic money. But I think that only happens when that country actually has the cryptocurrency industry developed. Let the government pay more attention to Bitcoin and make more efforts to bring about the positive aspects that Bitcoin offers.

In an article published by a university, I read about the ill effects of crypto currency and its ability of giving rise to inflation while the government being unable to control inflation because of impotent tolls of fiscal and monetary policies. But Bitcoin in developing countries has high marginal benefits and people still invest in Bitcoin for that reason because of the lower demand for Bitcoin in such countries. It can help solve many problems in developing countries like enabling people to earn money by investing in Bitcoin and there is no restriction how much you want to invest. You can invest any amount of money. So Bitcoin plays good role in developing countries.

[Pan Troglodytes]

People are scared that rising inflation will replace electronic money. But I think that only happens when that country actually has the cryptocurrency industry developed. Let the government pay more attention to Bitcoin and make more efforts to bring about the positive aspects that Bitcoin offers.

On the other hand I strongly believe all that negativity is the psychological response to fear of something new, as time passes they will see that they can neither do anything about it nor control it. Then acceptance comes: they will see and understand the benefits.

[draacubile328]

In developing countries, Bitcoin has a lot of government obstruction, although the government does not completely stop it altogether, it can make it difficult for bitcoin owners and bitcoins to trade in those countries.

[wqiwi212jsjs@jj]

Bitcoins in developing countries are like cigarette butts. First of all, the market is wide but the number of users is low, the level is not enough. In particular, the government has not really paid attention to Bitcoin, and some have banned it. It is also understandable that so many ICO scams from the BTC and the government are concerned about this. If currency devaluation, not sure that Bitcoin will replace the next.

[kosaymoive333]

Everybody has the need to get rich, especially people in developing countries, cryptocurrency and bitcoin giving them the opportunity to get rich. They will defy all to get rich. Even the government can not completely stop it.

[moinguoi5c333]

Governments in some countries believe that bitcoin transactions will result in them not collecting taxes and if this increases, inflation may happen. They do not want large amounts of people's daily transactions that they can not control.

[thithoikochoi123]

Yes, the government should not be silent about Bitcoin, the government should create legal exchanges for Bitcoin exchanges. When the transaction is public and legal, the government will receive more investment from large corporations in the virtual currency market.

[Conthongon234]

Bitcoin does not disrupt the economy and does not cause inflation in the country, perhaps the governments of those countries are afraid of a certain problem, or they have not found a suitable solution.

[deppil]

at present, bitcoin is becoming known to people around the world, especially in developing countries. the majority of bitcoin is introduced through news on television and on the internet. Therefore people are starting to want to know what bitcoin is and if it appeals to them, they will invest instead?
Well the government should not be silent on bitcoin, they think bitcoin is disrupting economic stability and there will be inflation in the country.
Do you think that bitcoin will disrupt economic stability and there will be inflation due to bitcoin in a country?

You are right that government should not be called and passive about cryptocurrencies each year, but it seems like some of the countries are totally neutral about it and they are not making any statements.

Some developed countries like United States and Japan have provided responses and actions such as regulation and that is a good thing. seeing bitcoin thrives in developed and developing countries. of course the regulation can benefit for the government and also the users of bitcoin themselves

[nazaididuan1]

Bitcoin is expected to replace the traditional financial system! Bitcoin transaction convenience, privacy, decentralization and anti-inflation.
If Bitcoin becomes a legal currency, Bitcoin is expected to become the world's only currency!

[Pujangga]

I'm glad now that bitcoin has been accepted and legalized in Japan, a country that is the world's strongest economy, I hope that someday there will be many countries that follow Japan that legalize and continue to develop bitcoin to be more useful.

[peter1]

Investing in crypto in developing countries is a good choice. It is not easy for people to make money. Investing in BTC can make money faster.