bitcoin in developing countries

[Gibsonlda]

Bitcoin success usage has nothing to do with the stability of any economy, at least not in its current form, the impact is currently very small to make any significant difference, total market cap is less than 110 billion, if anything, bitcoin will have positive impact on the  economy

if the implementation takes place in an official legal path, then the percentage of capitalization will increase, but it must go through the approval of the state to adopt bitcoin for all their people. At present there is no impact of GDP as a whole because the figure is still below 3% of the total use in the economy.

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[Pan Troglodytes]

At present only some countries accept BTC, some developing countries they are gradually applying the blockchain technology to the business. Therefore according to me BTC will be on a more popular

That's true that Bitcoin has a lot to offer to developing countries, lots of possibilities, but at the same time the transaction fees have a way to increase at times to levels not acceptable in rich countries, not to speak of the developing countries. I wonder what will be the future of that: shall developing countries go towards some other altcoins?

Browsing today's news I have just found a statement confirming what I have written above. In this article https://www.coindesk.com/at-bitcoin-cash-birthday-bash-crypto-embraces-the-strange/
Calvin Ayre is cited discussing where BCH is adopted - in developed or developing markets

However, he added, developed world merchant adoption is not the main driver. Instead, Ayre sees adoption growing in the developing world first.

Just one thing, here: I am not an advocate for BCH, but at the same time I strongly believe that Bitcoin (and especially the fees) needs fixing.

[JRoa]

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?

The bitcoin is becoming more popular than before in many developing countries, the reason why many bitcoin users are from developing countries is because they have good education and good dissemination of information.

[19Nov16]

In my opinion this is a good thing, the more countries involved and developing bitcoin will make bitcoin performance one day improve, I hope many countries that follow Japan have legalized bitcoin.

[TIDOVEE]

Yes, many government have the mind that bitcoin will lead to inflation, but bitcoin has helped in wealth distribution, liberating able and priviledged people from poverty. Although it may have an adverse effect on the economy but more positive effect on the masses. Which is also an advantage to the government in the area of insufficient job supply and idleness  which could lead to increase in crime rate.

[alizalela7]

In developed countries they are more open and have a better view of the bitcoin market so instead of banning them from having more practical policies with bitcoin

[Pemburu dollar]

I think criptocurrency is very influential on the economy not only here in my country but that is some banks that do not understand a little fear that criptocurrency will affect their system.
Because I think criptocurrency will affect a country's economy so that it will help improve the economy of the community in search of income.

[cryptogayan98]

Bitcoin is becoming more and more widely spread around the world today. People have learned about this bitcoin via the Internet. And this is what goes beyond the social media. But the developing countries are still aware of bitcoins today. If these countries have legal permission, they invest with bitcoin. I think that developing countries will have a lot of Bitcoin

[GraceEmily]

In some developed countries, Bitcoin as a stepping stone, the cornerstone of the cryptocurrency era. In some developing countries, that is more limited because some governments have banned Bitcoin. Everything is new and it takes time for Bitcoin to be in the market for developing countries.

[nowlscor18]

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  

Wow! Well, what can we say? Bitcoin really have a great impact to our beloved countries. It helps improve our countries little by little until a big changes will come. I hope this will be a great mark for bitcoin.

[marcosfx]

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?

Developing countries where all the times in the history more open to some new things that were developed and invented, so we can certainly say that they will be more fast to embrace the blockchain technology as well.

[wolffy0216]

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?

Developing countries where all the times in the history more open to some new things that were developed and invented, so we can certainly say that they will be more fast to embrace the blockchain technology as well.

yes but maybe they are also some developed countries that can easily banned or regulates the use of bitcoin. For now let's see how this countries will accept bitcoin.

[@hosimanaka]

At present, some developing countries can make BTC and payment of goods and services, which would be good for the economy. In short, the entire world market will accept BTC

[toolucky98]

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?

Inflation is not caused by Bitcoin but instead is mostly the result of governments around the world printing money to service their debts.

[Ryker1]

At present, some developing countries can make BTC and payment of goods and services, which would be good for the economy. In short, the entire world market will accept BTC

Developing countries can take advantage on Bitcoin, but it will not be easy since Bitcoin's volatility is high, it can either raise the country's economic status or mess its economic status. I guess that's why some country don't fully accept Bitcoin, some of them even ban it, because they believe that it will ruin their economic status.

[bsce1-1]

Most governments have never been in help of bitcoin not in light of the fact that is aggravating any economy or close, they basically needn't bother with a considerable number individuals to increment budgetary adaptability like a large number individuals do. This declaration is just a single of their various FUD verbalization that makes apprentices who know nothing about bitcoin aside from think everything the governing body says. Most events , one essentially needs to make sense of how to disregard whatever negative clarification the organization says with respect to bitcoin.

[Blackamoh]

Governments are worried that bitcoin will disrupt economic stability, there would be price manipulations which is true, and there would be a lot of scams which is also true. That'a why developing countries are conservative when it come to crypto.

I think there will be a transition between institutions as well. And I think bitcoin will not disrupt the economy because the transition from paper money to crypto will not be so fast and also while this transition will occur

[Portia12]

At present, some developing countries can make BTC and payment of goods and services, which would be good for the economy. In short, the entire world market will accept BTC

Developing countries can take advantage on Bitcoin, but it will not be easy since Bitcoin's volatility is high, it can either raise the country's economic status or mess its economic status. I guess that's why some country don't fully accept Bitcoin, some of them even ban it, because they believe that it will ruin their economic status.

In my own opinion, bitcoins volatility is necessary in order to earn more profit because the price needs to change in order for people to be able to multiply their coins.

[Michaelpascual]

Bitcoin can really help to develop countries bitcoin can help them to overcome financial crisis poverty and bitcoin can help to develop the building enfrastructure. Bitclin can do a lot to develop countries

[kniheant2]

in my mind,no doubt Bitcoin will help the economy of every country specially the developing countries. Like if Bitcoin will reduce the unemployment rate then for sure the purchasing power of the masses will increase making the economy to become strong and stable. I think Bitcoin rather improves the economy of a country if only the governments and the people really understand the idea behind it.