Post
Topic
Board Bitcoin Discussion
Re: Can Bitcoin help poor countries?
by
Backside walkaround
on 02/09/2016, 05:42:58 UTC
Can Bitcoin or any other altcoin help poor countries?
how? what can be done?
I like the fact that the exchange rate is universal. Politics in poor country can't affect the currency. Importantly, for any trade into countries with low value currency you make a good sum of money back.
Indeed.  There might be big potential for bitcoin to help the poor.  Everyone has a cellphone and everyone can use it and its valueis the same in every ccountry.   Time will tell on this issue.   Government tends to kill great things, especially in repressed countries.