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Author Topic: Bitcoin to Give Spending power to non bank people  (Read 543 times)
hhussain
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July 12, 2018, 02:50:38 PM
 #61

Spending power is kept in control with the only access to the financial transactions is given to the banks, on which they decide your interest rate, the loan you might get and the services you can access, in the bitcoin system of a blockchain no one alone owns this formation and therefore anonymity means freedom.
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July 13, 2018, 01:23:17 PM
 #62

Yes, bitcoin give spending power to non bank people
because you can access easily in this business without too many process like others do and at the same time it open arms to all opportunity.

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August 16, 2018, 11:18:48 AM
 #63

problem such as numerous identification document and robust verification process is few of the problem causing people not to be able to access financial institution such as bank.
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August 16, 2018, 11:33:43 AM
 #64

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
Of course it could, for me crypto is just a new way of saving/ putting our money or savings, if situation like this could happen in any place in the world for me it is nice gate to do something with our wallet.


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Mrconnect
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August 16, 2018, 11:40:33 AM
 #65

That's one of the benefits that cryptocurrencies bring to our world. Provided Bitcoin is accepted as a payment means for people in these countries then they can go ahead and perform their transactional operations as is with banks. And the unbanked will find the use of Bitcoin as a payment means better as it is decentralized, unlike the centralized services that banks offer.
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August 16, 2018, 11:51:07 AM
 #66

Yes, bitcoin give spending power to non bank people
because you can access easily in this business without too many process like others do and at the same time it open arms to all opportunity.

in some countries, you can't send money abroad at all. That is not the case with bitcoin. In other countries, people don't have access to bank accounts. That also changes with crypto
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August 16, 2018, 11:52:18 AM
 #67

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
Of course it could, for me crypto is just a new way of saving/ putting our money or savings, if situation like this could happen in any place in the world for me it is nice gate to do something with our wallet.
If adoptions coming from more businesses will occur then yes, people doesn't need to have banks for saving their money as they place it in their own wallets and save for their future, while theycan also use it as another form of currency an innovations that can help community to make an easy transactions.

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August 16, 2018, 11:56:47 AM
 #68

Yes, bitcoin can give people spending power and change their financial status for better. People are taken out of poverty on daily basis due to their engagement with cryptocurrency. People from the third world countries are well impacted by this innovation. Often times, this people still have to change their cryptocurrencies to fiat currencies in order to spend them.

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September 22, 2018, 03:59:04 PM
 #69

Cryptocurrency money is valuable and useful and helpful to make long-distance transactions with fast and low cost, it turned out more convenient for people to go to a bank and open their accounts there and I believe that bitcoin gives a lot of money to those who use to trade or invest.

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September 22, 2018, 04:11:32 PM
 #70

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

The legalization and recognition of Bitcoin in particular countries is probably questioned to answer this question. Bitcoin is useful and help them obviously while it is recognized and legalized by the local government in that state. People will not need Banks anymore because they can use Bitcoin as means payment directly. It probably will give them much power to survive their life even though there is no Banks.
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