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Author Topic: Bitcoin to Give Spending power to non bank people  (Read 570 times)
Skyonito
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May 17, 2018, 01:03:32 PM
 #21

yes, some people dont use bank for financial problems or other motives
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May 17, 2018, 03:14:05 PM
 #22

Bitcoin is the first crypto currency started in the year 2009 followed by lots of alternative coins are also arrived  in the market ..By introducing crypto currency in the market the originators intention is that to provide the spending power to the global community for their day to day requirements  with out the help of the banks. Bitcoin is an electronic asset which can operate world wide and since it is a decentralized one no controlling authority over it .Bitcoin is useful  for the world wide transaction with out a third party interference and delay.
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May 17, 2018, 03:21:58 PM
 #23

Do you think ? that people who have no access to banks, but have some what of internet could get into bitcoin.
And give people actual spending power, more less help them to survive.

i know this already is happening in places like Venezuela and a few african countries.

but do you think crypto could really give more people a currency that help them change their lives to something more survivable

Definitely yes. The main point of cryptocurrencies is financial freedom and I think as of now it still does attain its goal and objective.
I started bitcoin, I have no bank accounts and I am a student which makes me realize that in crypto world, everyone is equal. As bitcoin is universal and anonymous in a way it brings equal opportunities of managing their own wealth.The fact that it is used through the internet, anyone could access it.
I think we should lessen the thinking that this technology is only for earning but see it in a bigger picture. The innovation it gives and what it could be further with our support.

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May 17, 2018, 03:32:47 PM
 #24

bitcoin is bitcoin, not a charity.
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May 17, 2018, 03:46:37 PM
 #25

Bitcoin all the way. In my experience it is much easier to pay using bitcoin rather than with credit cars or debit cards. The only problem is that bitcoin have a high transaction fees and have a slow confirmation of transaction but if we can launch the lightning network bitcoin will be the perfect tool for creating payments. Though even  bitcoin have a high fees for transactions but  it is still cheaper than the charges in using a credit card.
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May 17, 2018, 03:49:57 PM
 #26


I think that is the way to charge bitcoin without banking intermediaries, but you must have a bitcoin wallet
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May 17, 2018, 04:25:17 PM
 #27

the situations in Venezuela and african countries quite different that some of them decide to use cryptocurrencies rather than use money because high of inflations and indeed some of people in that country could able to survive use crypto but to survive their life i think not necessary involving banks

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Indrawan77
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May 17, 2018, 04:53:17 PM
 #28

Yes, bitcoin was created for decentralised financial freedom without any attachments to banking system, so you can used bitcoin even without any bank account, but for now bitcoin hasn't widely accepted yet, so for now when you want to cash out you are going to need to cash out to fiat for easy spending, so you still need banking system for withdrawal, but when most of the stores already accepting bitcoin then maybe you won't need any banking help anymore and bitcoin does give another way to earn income so it can help people from poverty

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May 17, 2018, 05:53:34 PM
 #29

Bitcoin is going to give power to people in countries like Venezuela and Zimbabwe where their is a huge currency problem. And the decentralized nature of bitcoin is what the banks and governments fear the most which is the people are the owner of their own money and no one has any control over it.

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May 17, 2018, 05:56:20 PM
 #30

Yes, this is one of the features of Bitcoin. Everyone with internet connection is able to use Bitcoin for paying.


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May 18, 2018, 08:56:04 AM
 #31

Do you think ? that people who have no access to banks, but have some what of internet could get into bitcoin.
And give people actual spending power, more less help them to survive.
i know this already is happening in places like Venezuela and a few african countries.

but do you think crypto could really give more people a currency that help them change their lives to something more survivable

Yes , Bitcoin can change their lives to survive . As long as you know how to use internet and computer you can have tokens by using this. And also you need more knowledge to do this .
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May 18, 2018, 05:14:58 PM
 #32

I do not use Bitcoin anywhere except the bank. I want to convert it to fiat or use it. The crypto population depends on the bank all the time. The crypto population depends on the bank all the time. This is never a give away. People will purchase it and may not spend it. Without the crypto trading platform.

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May 31, 2018, 08:03:29 AM
 #33

Also, bitcoin gives you the option to be your own bank and really control what happens with your money, unlike your deposited fiat in the bank that just goes sitting there without being utilized into better purposes.
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May 31, 2018, 08:14:45 AM
 #34

Yes this has already been happening in many countries where either people had no money or their existing source of income was less than what was needed. People have put up their stories where they were able to make sustainable income from bitcoins and many were able to quit jobs (including me). If the mainstream media was any wiser things would have been different and people would have earned more.

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May 31, 2018, 08:29:37 AM
 #35

For now we still use the Bank to redeem / change Bitcoin we have to fiat currency we use in our respective countries, so that the cooperation between Bitcoin, Markets, and from Bank still is we need for now.
I wonder how people who do not have access to the Bank can spend their Bitcoin for their lives without the Bank ?, which for now is still a tool to change their Bitcoin currency with fiat currency.
Of course this would be a job from Bitcoin if it is true Bitcoin has a goal to eliminate fiat currency and also Bank, which I know from Bitcoin we will get a convenience in many things in dala, any payment transaction, and also we will increasingly independent. in managing our personal finances.
And for the matter of whether Crypto can help our lives for a better future, I would reply that Crypto currency is the development of a new era, the digital era we have to learn and also we will use in the future, this is proof! development of world technology. So it all depends on us each user later on, if used properly, then we will get success, but if you are wrong to use it, then the destruction in your life, and that you will receive as a risk.
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May 31, 2018, 08:38:51 AM
 #36

Do you think ? that people who have no access to banks, but have some what of internet could get into bitcoin.
And give people actual spending power, more less help them to survive.
i know this already is happening in places like Venezuela and a few african countries.

but do you think crypto could really give more people a currency that help them change their lives to something more survivable

This is actually a possibility because if you open a bank account they ask for a lot of documents and not everybody can produce those documents. So bitcoin can give people spending power. Earn from trading or bounties. Cashout and send it to your exchange and get the money.

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June 04, 2018, 04:26:34 AM
 #37

you're right about venezuela's condition but you should know that they don't even have enough electricity for daily usage, therefore accessing internet is kinda difficult.
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June 04, 2018, 04:57:20 AM
 #38

Do you think ? that people who have no access to banks, but have some what of internet could get into bitcoin.
And give people actual spending power, more less help them to survive.
i know this already is happening in places like Venezuela and a few african countries.

but do you think crypto could really give more people a currency that help them change their lives to something more survivable
I think so Bitcoin provides convenience to people who want to change their lives for the better without conventional bank intermediaries. They can take advantage with Bitcoin and currently many work in bitcoin
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June 04, 2018, 05:09:02 AM
 #39

I have a friend who does not have his own bank account and he can already become very rich from bitcoin and bitcoin trading he dilutes all his assets and withdraws with atm used by his parents for a while so can make withdrawals and change bitcoin into local currency .

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June 05, 2018, 08:12:53 PM
 #40

Yes bitcoin can give people the opportunity to earn money and not be associated with banks or stock markets and their agents. It gives certain financial opportunities to the people and freedom.

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