In a case where we still have unbanked population!

[iv4n]

and with no banking how do they buy the btc?

and if they have a cell phone why wouldn’t they have banking?

The answers to these questions best describe the whole situation... Many have yet to get to the mobile phones & the internet, and when they do, they will start learning about all the apps that exist. And the question is how many of all those people have reached a point in their lives when they decided not to deal with technology and new things.

The estimated populations for the listed countries in 2025 are:

India (1.427 billion), Pakistan (240 million), Nigeria (223 million), Brazil (216 million), Bangladesh (173 million), Mexico (128 million), and the Philippines (117 million).

So, how many % of households are without access to a bank? How many people is that approximately? Crazy numbers...

[philipma1957]

and with no banking how do they buy the btc?

and if they have a cell phone why wouldn’t they have banking?

With cellphone people can connect with vendors outside within outside their location although it might be risky because the issue oft rust might arise. Most people in rural areas have bank accounts but the distance between the bank and their location sometimes limit their ease to transactions.

People who live in such conditions do not need bitcoin as a solution to their lack, what they need is actually the infrastructure and amenities they lack. Even if you introduce people like this to bitcoin, it does not help their case that much, it is not like they can directly spend bitcoin, they still need to exchange it for fiat, and except it is a face to face trade, they need a bank account.

 
I agree they need infrastructure but in a situation where does amenities takes longer than necessary to get to them or a case where they suffer extreme bad leadership what will they fall back to?. The only limitation i think bitcoin has in situation like this is it's high volatility. If not that LN would have been a solid approach towards helping this set of people. 

So I am in a rural spot in canada my actual bank is 90 kilometers away.

but i have a credit card Why do I need to pay with btc.


also pretend I am in greenland really empty place.

So I have a satellite cellphone .  If I go crypto. my btc is hodl hodl hodl.

paying with btc is fucking dumb as can be.

My own self in btc since 2012 have spent 350btc which would be 35,000,000 million right now.

So no one should spend a sat of btc just dca buy stack and hodl.

So I would say using btc to bank is a terrible idea.

I did it for 10 years 2012 to 2022 and while I could be worth millions by hodl.

I can simply say doge is designed to be stable cash coin

and btc is designed to be dca and hodl coin.

I do,believe in a phone wallet.

and I tell everyone do not do it with btc it is a coin design to,become more valube with time

while doge with its endless supply of new coin that always shrinks its inflation rate is designed to be spending cash and is better than actual cash because its percent of inflation shrinks.

in year 20 of doge 20x grand total of doge coins
in year 21 of doge 21x grand total of doge coins just 5%

in year 50 of doge 50x grand total of doge coins
in year 51 of doge 51x grand total of doge coins just 2%

this makes doge far less likely to run up in price like mad.

and btc is likely to run up in price like mad.

so why use btc to buy anything at all

[hafiztalha]

and with no banking how do they buy the btc?

and if they have a cell phone why wouldn’t they have banking?

The answers to these questions best describe the whole situation... Many have yet to get to the mobile phones & the internet, and when they do, they will start learning about all the apps that exist. And the question is how many of all those people have reached a point in their lives when they decided not to deal with technology and new things.

The estimated populations for the listed countries in 2025 are:

India (1.427 billion), Pakistan (240 million), Nigeria (223 million), Brazil (216 million), Bangladesh (173 million), Mexico (128 million), and the Philippines (117 million).

So, how many % of households are without access to a bank? How many people is that approximately? Crazy numbers...

I am living in the city area where all facilities are available and we have new mobile phones and Sims and different packages are available on the App of company and we are not feeling bore due to internet. We also have facilities of investment in Bitcoin because that is best investment and I heard about BTC when I was very little and I do not know what was a Bitcoin but after that we got knowledge from YouTube and I took interest in cryptocurrency and I Invested in cryptocurrency and I started from small investment and I did back to back big investments and I got profit when I got experience in the market. That was due to time investment which I invested on that .There are people who have no facilities because they are living life of village.

[Smartvirus]

Financial inclusion has long been a challenge in rural areas. Some countries still have rural areas with limited access to modern infrastructure or financial systems. Some have to travel between communities or to the nearest town around them before they can access formal banking services... While traditional infrastructure may be limited,  communities like this might increasingly have access to the internet and smartphones, creating new opportunities for digital financial tools like Bitcoin.

It’s hard to imagine that there wasn’t or isn’t any form of banking system in existence before we have what we have today as modern banking system. There was and still is the piggy bank, people having to deposit their money with some agent as a trustee in a contribution to collect at a due time and many other forms to it. This is completely a way of running finances for these set of persons and they are very much used to it, comfortable with it at least. Until something better comes up.

That something better could be what we have today in modern banking system for these people but, for persons like us, we are getting tired of that, aren’t we! Given the challenges these banks has presented by the day, network problems, having your own money kept away from you and the deductions.

While we might not see much of that in Bitcoin, the decentralized nature of it and more, it becomes a more preferred way to transact and we can’t push it. You let it ride out on its own and so should the traditional or modern banking system.

[philipma1957]

and with no banking how do they buy the btc?

and if they have a cell phone why wouldn’t they have banking?

The answers to these questions best describe the whole situation... Many have yet to get to the mobile phones & the internet, and when they do, they will start learning about all the apps that exist. And the question is how many of all those people have reached a point in their lives when they decided not to deal with technology and new things.

The estimated populations for the listed countries in 2025 are:

India (1.427 billion), Pakistan (240 million), Nigeria (223 million), Brazil (216 million), Bangladesh (173 million), Mexico (128 million), and the Philippines (117 million).

So, how many % of households are without access to a bank? How many people is that approximately? Crazy numbers...

I am living in the city area where all facilities are available and we have new mobile phones and Sims and different packages are available on the App of company and we are not feeling bore due to internet. We also have facilities of investment in Bitcoin because that is best investment and I heard about BTC when I was very little and I do not know what was a Bitcoin but after that we got knowledge from YouTube and I took interest in cryptocurrency and I Invested in cryptocurrency and I started from small investment and I did back to back big investments and I got profit when I got experience in the market. That was due to time investment which I invested on that .There are people who have no facilities because they are living life of village.

I saw some places that were primitive and a few people had internet via satellite.

This was when i was in the Philippines 🇵🇭.

Smaller islands and they had a generator.  This was prior to cryptocurrency and they used paypal say 2003 and ebay for sales and buys of more exotic goods.
Now i visited there a while ago. 2003 but a few people had bank accounts and credit cards.

they acted as middlemen to people that mostly fished for a living.

So my point is simple empty places in the world do have access internet and banks along with credit cards and satellite phones.

But that a small village may share two or three satellite phones.

If they want crypto it is more likely they will not use it a payment options.

[AmoreJaz]

Financial inclusion has long been a challenge in rural areas. Some countries still have rural areas with limited access to modern infrastructure or financial systems. Some have to travel between communities or to the nearest town around them before they can access formal banking services... While traditional infrastructure may be limited,  communities like this might increasingly have access to the internet and smartphones, creating new opportunities for digital financial tools like Bitcoin.

It’s hard to imagine that there wasn’t or isn’t any form of banking system in existence before we have what we have today as modern banking system. There was and still is the piggy bank, people having to deposit their money with some agent as a trustee in a contribution to collect at a due time and many other forms to it. This is completely a way of running finances for these set of persons and they are very much used to it, comfortable with it at least. Until something better comes up.

That something better could be what we have today in modern banking system for these people but, for persons like us, we are getting tired of that, aren’t we! Given the challenges these banks has presented by the day, network problems, having your own money kept away from you and the deductions.

While we might not see much of that in Bitcoin, the decentralized nature of it and more, it becomes a more preferred way to transact and we can’t push it. You let it ride out on its own and so should the traditional or modern banking system.

Let us be grateful that we have other options now how to take care of our financial aspects. It is not only because of traditional banking that we can opt for when it comes to money matters. But with the rise of digital currencies and so with other options on how to manage our financials. Right now, there are also online apps to invest on stocks even if you have no clue about stocks. But these apps will make your life easier as it is like they are making things so simple these days. However, you need to be careful about the online apps today as a lot are proliferated by scammers. So make sure, the app is legit and performing what they claimed to be.

[Synchronice]

Financial inclusion has long been a challenge in rural areas. Some countries still have rural areas with limited access to modern infrastructure or financial systems. Some have to travel between communities or to the nearest town around them before they can access formal banking services... While traditional infrastructure may be limited,  communities like this might increasingly have access to the internet and smartphones, creating new opportunities for digital financial tools like Bitcoin.

People living in rural areas with limited access to traditional banking services can  benefit from Bitcoin as an alternative peer-to-peer (P2P) payment method, offering greater ease and convenience. In order to push this adoption, more targeted social media campaigns and engaging Bitcoin related reels should be promoted across the platforms most used in these communities.

I don't understand how can people who live in rural areas, benefit from Bitcoin as an alternative P2P payment method? As you say, they have access to the internet and smartphones, so where do you see the necessity of Bitcoin? If they have these accesses, then they have access to banks. It doesn't matter where you live, you can download bank's mobile application on your smartphone and you can easily send money instantly from your bank account. The only thing that they might find hard to access are ATMs and branches.

[Accardo]

Let us be grateful that we have other options now how to take care of our financial aspects. It is not only because of traditional banking that we can opt for when it comes to money matters. But with the rise of digital currencies and so with other options on how to manage our financials.

Everyone now has a work to do at securing their own money unlike when it was with the bank, where they took responsibilities for robbery cases and paid customers regardless. Today if a person's phone or device gets an unauthorized access they're at a high risk of losing money. Or even in the crypto space, sageguarding the key is a work for non custodial wallet users. while it's safe, network is seamless, and easy to access, the risk is more higher for the user than the institution or network.

[Oluwa-btc]

Yeah I get your point as there is still a gap between those who are having access to financial institutions and with those living in rural areas which is cut off from the big cities you made a big point but you have to realize something that any who is not having access to financial institutions like having a bank account in the bank in this time will not accept adopt Bitcoin and make use of it , the reason is that there are parts of the each countries that is cut off from the cities which to me is lacking in basic amenities like network schools electricity etc , so it will be difficult for these set of people to accept Bitcoin because they don't know what it means the best thing will be providing these basic amenities to them by government and you will see that they will naturally align with the rest of the country by embracing the banks and crypto currency will follow suits

Oftentimes,the inability and inaccessibility to financial services can be caused by their own illiteracy to how Banks and digital Fintech works. This pattern has several implications on financial and banking services;and even with Bitcoin influence, people still have failed and undervalued the significant improve.

[buwaytress]

also pretend I am in greenland really empty place.

So I have a satellite cellphone .  If I go crypto. my btc is hodl hodl hodl.

paying with btc is fucking dumb as can be.

That's what I keep wondering what those people talking about BTC making the unbanked suddenly capable of doing things financially.

If being unable to bank was the whole reason people were in financial distress, then Bitcoin simply isn't going to solve their issues. I have worked for many years in such countries, where an average purchase can be as low as <1 cent. How would they use Bitcoin for that? They'd all need to be doing sub-satoshi payments on LN at least.

[Fortify]

Financial inclusion has long been a challenge in rural areas. Some countries still have rural areas with limited access to modern infrastructure or financial systems. Some have to travel between communities or to the nearest town around them before they can access formal banking services... While traditional infrastructure may be limited,  communities like this might increasingly have access to the internet and smartphones, creating new opportunities for digital financial tools like Bitcoin.

People living in rural areas with limited access to traditional banking services can  benefit from Bitcoin as an alternative peer-to-peer (P2P) payment method, offering greater ease and convenience. In order to push this adoption, more targeted social media campaigns and engaging Bitcoin related reels should be promoted across the platforms most used in these communities.

Campaigns targeting mostly Community/ethnic groups on big social media platforms can also be a big advantage to the Bitcoin community. Formal education will obviously not bring this sensitization to limelight but with exposed Bitcoin enthusiasts like you and me simple and organized social media campaigns can go a long way to keep this information fresh in the minds of people living in most rural areas.

You talk about an "unbanked population" but this is more about accessibility than anything else. Anyone with access to an internet connection will have the ability to get a bank or use bitcoin as you suggest, but they do not even have that. If you are living in an area without access to internet, it's very likely because of lack of money and subsistence type living or disruption through war. In that scenario, people simply don't have any spare funds and even if they did, they would not trust it to institutions that may be unstable. These banks also expect to get paid for services in many countries, which many people are unwilling to do if they can store funds outside of the bank. There's a whole variety of reasons why people actually choose to be "unbanked" and bitcoin may not solve that either.

[tottong]

That's what I keep wondering what those people talking about BTC making the unbanked suddenly capable of doing things financially.

If being unable to bank was the whole reason people were in financial distress, then Bitcoin simply isn't going to solve their issues. I have worked for many years in such countries, where an average purchase can be as low as <1 cent. How would they use Bitcoin for that? They'd all need to be doing sub-satoshi payments on LN at least.

That's what most people don't realize because they think it's easy and we're so enthusiastic about collecting bitcoins then why should we think about using it to pay.
If someone doesn't have a bank account then automatically they have to find another way to achieve financial freedom because even though it has nothing to do with it, most people still use bank accounts as a strategic step to just support their business.

Banks have nothing to do with financial matters in an individual context and even bitcoin itself cannot help anyone if they are not consistently involved in investing.
Bitcoin can't help someone out of financial trouble if they are not actively involved in collecting it.
Then how can this help because the alternative uses of LN are not all easily understood, such as using a bank account, for example.

[Danica22]

Financial inclusion has long been a challenge in rural areas. Some countries still have rural areas with limited access to modern infrastructure or financial systems. Some have to travel between communities or to the nearest town around them before they can access formal banking services... While traditional infrastructure may be limited,  communities like this might increasingly have access to the internet and smartphones, creating new opportunities for digital financial tools like Bitcoin.

People living in rural areas with limited access to traditional banking services can  benefit from Bitcoin as an alternative peer-to-peer (P2P) payment method, offering greater ease and convenience. In order to push this adoption, more targeted social media campaigns and engaging Bitcoin related reels should be promoted across the platforms most used in these communities.

I don't understand how can people who live in rural areas, benefit from Bitcoin as an alternative P2P payment method? As you say, they have access to the internet and smartphones, so where do you see the necessity of Bitcoin? If they have these accesses, then they have access to banks. It doesn't matter where you live, you can download bank's mobile application on your smartphone and you can easily send money instantly from your bank account. The only thing that they might find hard to access are ATMs and branches.

Indeed, if people in rural areas have access to the Internet, they can use banking services as most banks operate and provide online services. I don't believe there is any bank that doesn't offer online services and only works in branches these days. Furthermore, using online banking is also many times easier than using bitcoin. If someone has difficulty using online banking, bitcoin will be a bigger challenge for them. The fact is that bitcoin doesn't help in this case.

Bitcoin will never replace the role of banks, we should stop dreaming and exaggerating about it.

[Razmirraz]

also pretend I am in greenland really empty place.
~~~

That's what I keep wondering what those people talking about BTC making the unbanked suddenly capable of doing things financially.

If being unable to bank was the whole reason people were in financial distress, then Bitcoin simply isn't going to solve their issues. I have worked for many years in such countries, where an average purchase can be as low as <1 cent. How would they use Bitcoin for that? They'd all need to be doing sub-satoshi payments on LN at least.

We also need to look more realistically to always be flexible in making financial transactions, it is clearly impossible to use BTC to pay for small purchases, it is very unreasonable. I am happy with the presence of Bitcoin, this technology can do things that fiat money cannot do, such as sending money abroad in a short time, but to carry out daily transactions we also cannot exclude the role of fiat. The inability to perform banking transactions is only an individual problem, people still have other alternatives to solve financial problems.

[buwaytress]

We also need to look more realistically to always be flexible in making financial transactions, it is clearly impossible to use BTC to pay for small purchases, it is very unreasonable.

Well, not impossible, just impractical for them. We're talking about this "unbanked" and where I've worked and seen, a simple mobile phone with GPRS (not smartphone, and not even 3g) has worked wonders. Perhaps if we can get Bitcoin to that stage, but even so as we discussed above, why would anyone get BTC when it's more of a savings and holding asset now (if we're beig honest).

[SATWAT]

Recently as things are going into development I have strong feeling peoples those are living unbanked could be able to enjoy benefits of Bitcoin through as investment and saving already doing for many but as use case could be also possible even few are having concerns this is not easy for daily use, but things can take changes.
Mobile is reaching out everywhere which is good with this banking is also going through, so chance is available for having bitcoin flexibility and smoothness is needed, but all is possible just matter of time banking had many things which not liked by peoples like us those involved in bitcoin.
But as adoption is going and many countries already involved something big will be work which will surely allowed peoples to go and have benefits of bitcoin on daily basis.

[Omahabit]

The issue for me with bringing sensitization campaigns to rural areas who may need bitcoin to better their financial and daily life has more to deal with their literacy level and willingness to accept and learn newer ways which is way different from the old conservative ways of earning, saving and amassing wealth.
There is also the concern of security risk for individuals who put themselves out there to help sensitize the rural populace on the adoption and mechanics of the number one top digital currency, Bitcoin.

Also, i think in a country where the government has placed a ban on digital currency that it will be possible to hold sensitization campaigns and even target the rural populace via social media reels without the policing agencies catching up and dispensing their justice, swiftly.

[Dr.Bitcoin_Strange]

It's possible that some enlightened young people in those rural area can be doing some p2p transaction among themselves but there's still a big challenges which is for the old people in those areas who run their trades every day, they might not be interested in Bitcoin because some of them are not even knowledgeable enough about app banking and transfers, who they want is payment in cash for every thing they sell. I grow up in a rural area so I know too well how this works there, the population of people doing business in my village then were old people of the 60s, 70s and 80s and their payment options alone is cash, it's just recently that most of them started adopting the Point of sale machine (POS) where customers pay with card. So, what am saying, it's very possible that the young people in that area can adopt Bitcoin but those old men and women running business in the one market will still ask you to pay in cash because they don't know about Bitcoin and they might not even be interested to know because of their age.

[Salahmu]

Everyone now has a work to do at securing their own money unlike when it was with the bank, where they took responsibilities for robbery cases and paid customers regardless.

That's were the presence of bank matters because they provide and take full responsibilities of there customer assets and there primary goal is there customers safety of there assets so the moment someone has removed there money from the bank means that bank doesn't have a business with the person again so anywhere the person is sending or investing there money required them to manage and be very cautious of there investment because there is a different between when someone is securing your assets and when the person is doing it on there own.

[Rockstarguy]

People living in rural areas with limited access to traditional banking services can  benefit from Bitcoin as an alternative peer-to-peer (P2P) payment method, offering greater ease and convenience. In order to push this adoption, more targeted social media campaigns and engaging Bitcoin related reels should be promoted across the platforms most used in these communities.

Can this really be accomplished? I think people in rural areas need to understand traditional currency and the banking system. Having this understanding of traditional money and the banking system, they can distinguish between the banking system and Bitcoin and have a good reason why they need to accept Bitcoin. Most rural areas normally have the same challenges of poor network, no stable electricity, and it is only some people in these areas who have access to devices. If rural areas lack a basic banking system, I think there will be other factors that also pose challenges, which I believe will limit their ability to use Bitcoin. If poverty and lack of basic amenities are not challenges in rural areas, then I think Bitcoin can be quickly adopted.