Bitcoin is helping to eradicate poverty in poor countries

[Jackl87]

I came across a post on how bitcoin is and can  really help in financial inclusion especially in poors, especially in poor countries where averege income is as low as 30 dollar a month.
I think we need to focus on educating people on crypto. Once educated people will embrace crypto with open arms.
https://news.electroneum.com/cryptocurrency-can-help-empower-the-billions-of-unbanked-and-living-in-poverty-find-out-what-electroneum-is-already-doing

Well i have to say i read through the article and in the end i think it was just a promotional piece for Electroneum, which is probably the project where the OP is heavily invested in or even part of the team. I still remember back in 2017 or 2018 when Electroneum was about to launch that there was a huge hype around it because back then it was the first cryptocurrency that could be mined with your smartphone. I just checked the starts for electroneum now and it seems that this project is slowly but surely losing relevance and is going down in the coinmarketcap ranking.
For me it is always a sad thing if a project has to experience that.

[Bitstar_coin]

I came across a post on how bitcoin is and can  really help in financial inclusion especially in poors, especially in poor countries where averege income is as low as 30 dollar a month.
I think we need to focus on educating people on crypto. Once educated people will embrace crypto with open arms.

https://news.electroneum.com/cryptocurrency-can-help-empower-the-billions-of-unbanked-and-living-in-poverty-find-out-what-electroneum-is-already-doing

Absolutely, crypto has changed a lot of lives of those who are from developing countries, people who are fortunate enough to have the knowledge in these countries are able to have an additional source of income to support their basic needs.
There are a lot of people out there who do not have the slightest idea about crypto and how one can generate income from it, such people rely solely on their small income which is mostly not enough to carter for their needs, assuming they have the knowledge about crypto am sure it will be of great benefit in their financial status.
Despite the mindset of many people concerning crypto, some are willing to learn and give it a try. I totally agree with educating people to increase crypto awareness and promote financial inclusion.

[KellyHands]

I doubt bitcoin can serve as a tool for financial inclusion in poor countries. Most poor countries don't consider bitcoin as a legal tender, some countries even go to the length of clamping down bitcoin transactions by freezing bank accounts that are connected to Bitcoin trading and transactions. Bitcoin is helpful to a large extent, but it takes a knowledgeable government to support the initiative.

[Morningstarr]

I came across a post on how bitcoin is and can  really help in financial inclusion especially in poors, especially in poor countries where averege income is as low as 30 dollar a month.
I think we need to focus on educating people on crypto. Once educated people will embrace crypto with open arms.

https://news.electroneum.com/cryptocurrency-can-help-empower-the-billions-of-unbanked-and-living-in-poverty-find-out-what-electroneum-is-already-doing

Advertising another project using the Bitcoin name It seems that this is nothing more than a promotional article. As for whether Bitcoin is helping to alleviate poverty in poor countries, this is not the case. Bitcoin is illegal in almost all poor countries and governments try to prevent it in every possible way by closing the accounts and confiscating money of those caught buying crypto. Also, many newbies try to become millionaires overnight through crypto due to their lack of knowledge and lose their life savings through futures trading and this is common in my country Until crypto is not legal the goal of eradicating poverty will not be achieved.

[Xal0lex]

I came across a post on how bitcoin is and can  really help in financial inclusion especially in poors, especially in poor countries where averege income is as low as 30 dollar a month.
I think we need to focus on educating people on crypto. Once educated people will embrace crypto with open arms.

It has been helping for a long time. In countries with an unstable financial environment, with hyper inflation people prefer to use bitcoin through p2p platforms. It helps bypass domestic banking restrictions of specific countries, keeps funds from losing value, and sends value cheaply between sender and receiver. As far as I remember, there was a topic on the forum dedicated to these countries, Argentina, Vietnam, the Philippines, etc. were among them. And there this trend is growing exponentially.

[fuer44]

it makes a lot of sense because access to bitcoin or crypto is very easy. but also keep in mind if crypto can really help poor countries, what is the most effective way so that every citizen in a country that earns $3 or $30 per month can make more money than that? whether with crypto-linked work contracts, or something else like mining.

despite all that, I will always support crypto

[len01]

I came across a post on how bitcoin is and can  really help in financial inclusion especially in poors, especially in poor countries where averege income is as low as 30 dollar a month.
I think we need to focus on educating people on crypto. Once educated people will embrace crypto with open arms.

https://news.electroneum.com/cryptocurrency-can-help-empower-the-billions-of-unbanked-and-living-in-poverty-find-out-what-electroneum-is-already-doing

after i read the article, it turns out that there is no word that says bitcoin can help the poor but the article only mentions the purpose of the electroneum project.


but for me if educating people about bitcoin or crypto it will not rule out the possibility of helping the poor because there are so many risks in the crypto world such as market price inflation etc. maybe a lot of people out there think about investment opportunities in crypto or bitcoin but don't know all the big risks there.

[Jawhead999]

Lol, Bitcoin isn't helping poverty, but lucky people can become rich right now if he's an early adopter.

Bitcoin isn't a charity where any poor people can get Bitcoin to buy a food, faucet is considered as free Bitcoin but you need to spend for around a month only to buy a burger. Poor people didn't even have electricity and internet access, how can they know Bitcoin? Also if Bitcoin can help poverty, I'll never see any beggars asking for money when a pedestrian walking near them.

[posi]

Lol, Bitcoin isn't helping poverty, but lucky people can become rich right now if he's an early adopter.

Bitcoin isn't a charity where any poor people can get Bitcoin to buy a food, faucet is considered as free Bitcoin but you need to spend for around a month only to buy a burger. Poor people didn't even have electricity and internet access, how can they know Bitcoin? Also if Bitcoin can help poverty, I'll never see any beggars asking for money when a pedestrian walking near them.

Exactly, bitcoin cannot help alleviate poverty but bitcoin is a tool that helps a lot of people to earn a substantial income that can help them overcome some difficulties in life who know bitcoin and grasp bitcoin.
In some economic countries suffering from inflation, depreciating currency, and high unemployment rates, it is possible to see bitcoin as a place that can help them solve those difficulties, a lot of jobs from bitcoin and cryptocurrencies for us.

[Cryptomultiplier]

Bitcoin is an aid to the ever-growing economic needs of countries nowadays due to downturns in employment, security, and diseases. It is so simple that one with a digital device connected to an internet or wifi can operate. Persons who live in very rural areas only need more awareness in form of crusades or as courses or subjects taught in their places of learning or association.
The experience for me at first was overwhelming, but delving deeper due to an ever demanding need to pay bills, cater for a family, and improve my standard of living; it has shown that one can truly earn from Bitcoin with as little as being committed and being online.
Bitcoin is helping to win the war against poverty worldwide, in both small or big countries.

[imamb]

I came across a post on how bitcoin is and can  really help in financial inclusion especially in poors, especially in poor countries where averege income is as low as 30 dollar a month.
I think we need to focus on educating people on crypto. Once educated people will embrace crypto with open arms.

It has been helping for a long time. In countries with an unstable financial environment, with hyper inflation people prefer to use bitcoin through p2p platforms. It helps bypass domestic banking restrictions of specific countries, keeps funds from losing value, and sends value cheaply between sender and receiver. As far as I remember, there was a topic on the forum dedicated to these countries, Argentina, Vietnam, the Philippines, etc. were among them. And there this trend is growing exponentially.

this is true, there is a good side among people who know the crypto world, people who do not have a high degree of education this will be very helpful for airdrops seekers who can make money to sustain their daily lives. open to the public with a willingness to self-taught from the internet with how to fuse it. the results that can be exchanged for bitcoin and others

[Tomohisa]

Lol, Bitcoin isn't helping poverty, but lucky people can become rich right now if he's an early adopter.

Bitcoin isn't a charity where any poor people can get Bitcoin to buy a food, faucet is considered as free Bitcoin but you need to spend for around a month only to buy a burger. Poor people didn't even have electricity and internet access, how can they know Bitcoin? Also if Bitcoin can help poverty, I'll never see any beggars asking for money when a pedestrian walking near them.

I think some bounty hunters got the wrong impression that Bitcoin can help poor people earn an income from doing crypto bounty works. From there, have enough funds to invest in Bitcoin/crypto projects and dream about hitting 10x of your investment. Completely bullcrap.

[savetheFORUM]

Lol, Bitcoin isn't helping poverty, but lucky people can become rich right now if he's an early adopter.

Bitcoin isn't a charity where any poor people can get Bitcoin to buy a food, faucet is considered as free Bitcoin but you need to spend for around a month only to buy a burger. Poor people didn't even have electricity and internet access, how can they know Bitcoin? Also if Bitcoin can help poverty, I'll never see any beggars asking for money when a pedestrian walking near them.

Bitcoin DOES help people who are poor, how? Well in the places that are cheaper, people could work hard to earn a few bucks and bitcoin would allow the globe to get together financially. What this means is that people do not realize 100-200 bucks a month is a good amount of money in many parts of the world, doesn't mean you would be filthy rich but you could live comfortably with that side income.

Or you could earn something like 500-600 dollars and live a very decent life which is what I am doing right now. So, I have to say that the best thing to do right now would be to make sure people can get their money and that is what crypto is helping right now as well.

[bonyaserg]

Now when the cryptoindustry entered the world and began to bring profit to people. It can be said that cryptocurrency can also bring profit to those countries that are on the verge of poverty. Now a lot of attention is being paid to a country like Africa, where there is always a problem with food and many others, and this requires a lot of money. And with the help of digital technologies, these problems can be solved. So the crypto industry is already making a big contribution to the development of many countries.

[Abiky]

Lol, Bitcoin isn't helping poverty, but lucky people can become rich right now if he's an early adopter.

Bitcoin isn't a charity where any poor people can get Bitcoin to buy a food, faucet is considered as free Bitcoin but you need to spend for around a month only to buy a burger. Poor people didn't even have electricity and internet access, how can they know Bitcoin? Also if Bitcoin can help poverty, I'll never see any beggars asking for money when a pedestrian walking near them.

Bitcoin is just like any other kind of currency. Whenever it'll help you get out of poverty or not, will greatly depend on how you use it. One thing for sure is that Bitcoin empowers poor people to be their own bank. They'll be saving on fees, plus they can be assured their money is safe against confiscation/freezing from third parties (mainly governments and central banks). In communist countries like China and North Korea, Bitcoin proves to be the ideal "tool" for people to experience true financial freedom.

If Bitcoin didn't existed, then we'd still be subject to banks' desires. Now that we have Bitcoin, things have changed. Most governments are afraid Bitcoin will take over the existing financial system because of its ever-growing popularity. Only a few are embracing it for their own benefit. Who knows if Bitcoin becomes the key towards financial prosperity? Just my thoughts

[Pelana vreo]

Apart from the Electroneum article, Bitcoin's main purpose is not to be like in that article, but to P2P payments without any third parties, for investors who have known Bitcoin since 2011 and hold it to date, I think that's a good thing, because he has become millionaire and it takes a long time with extra patience

[bigjuk]

I came across a post on how bitcoin is and can  really help in financial inclusion especially in poors, especially in poor countries where averege income is as low as 30 dollar a month.
I think we need to focus on educating people on crypto. Once educated people will embrace crypto with open arms.

https://news.electroneum.com/cryptocurrency-can-help-empower-the-billions-of-unbanked-and-living-in-poverty-find-out-what-electroneum-is-already-doing

I've read the story of the success of a poor area with a majority of the population 80 percent poor, their success is based on investing in crypto, they learn and set aside 50 percent of their income to invest, the results they get are decent, now they have become the majority area of ​​the population with the best income in economic growth, I believe Bitcoin is one of the factors as stated by Flyingjack123.