Post
Topic
Board Bitcoin Discussion
Re: Can Bitcoin help poor countries?
by
prabowo96
on 09/09/2016, 14:37:20 UTC
bitcoin can help poor countries in collecting donations. because all what you need is an address and everyone from all over the world can send a donation in a matter of second. it also works fine in remittance because of the low fees comparing with WU
fees are lower with Western Union, but still high in countries that are very poor. some cents seem low to you, but this might be a days work in some poor country.

what are you taking about ? remittance money are always sent from developed countries by a family member who wants to support his family. so instead of losing 10% of the money or more as fees for WU, with btc  the tx  can be sent with less than 2 cents as fees. there is no comparison Cheesy
                                       

For sure bitcoin or any other altcoin can help, and well, the fiat transfers can make days to arrive to destination, with bitcoin it only takes few minutes...

This is the future, no banks!