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How do you think Bitcoin can help?

Discussion in 'Alternative Currencies' started by Carliexoxo, Jan 11, 2019.

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  1. Carliexoxo

    Carliexoxo New Member

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    Hi, I'm a loyalist of the P2p marketplace system like Paxful and Localbitcoins, how do you think can Bitcoins help 3rd world countries? People keep saying that Bitcoin is helpful but why?
     
  2. Joanne2

    Joanne2 New Member

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    Yes it does, perhaps the most important effect of cryptocurrency is on how it can bring a percentage of poor into new era, allowing them to join in the global economy. In cryptocurrency, people in 3rd world countries, would be able to save money, invest, earn interest, start a business, borrow, send or receive money to friends and family for first time. The effect would be positive and this lead to new businesses ability to build new wealth.
     
  3. chainobie

    chainobie New Member

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    As it has been said many times crypto will enable people in 3rd world countries to securely store and manage their own money, as they're often ineligible to obtain bank accounts. Just so long as they can gain access to the internet, Bitcoin is not limited to any class or country. Thus it has the power to democratize finance and liberate those who heavy controlled by dictator governments.
     
  4. WSV

    WSV Member

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    I think crypto can improve life in developing countries through overcoming inflation, replacing the corrupt financial system, making it easier to send money and so on.
     

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