Post
Topic
Board Bitcoin Discussion
Re: Can Bitcoin help poor countries?
by
ObscureBean
on 27/09/2016, 05:17:54 UTC
For the unbanked and underbanked, definitely yes!

This is one area that Bill Gates has mentioned Crypto can actually benefit.

Well if they're not unbanked by choice, chances are they don't have the means to afford electronic devices let alone internet/data. The fact that Bitcoin is dependent on technology definitely makes it harder for poorer countries to really embrace it.
Also, feature phones without the ability to install apps are more common than smart phones in poor countries so something like Bitcoin payments via SMS would be easier to integrate into the existing infrastructure I think.