Post
Topic
Board Bitcoin Discussion
Re: Can Bitcoin help poor countries?
by
bitcoinboy12
on 04/11/2016, 15:37:16 UTC
Can Bitcoin or any other altcoin help poor countries?
how? what can be done?
Bitcoin and another coins are never will help the poor countries is exit from their problem because like the countries is becoming a poor country is caused by how their government is managing their country and bitcoin is just a currency and just helping you in the currency area.

The potential of BITCOINS to help countries particularly in countries that export manpower is through remittance.
There are millions of Overseas workers in the Philippines.. and they send US dollars to their families.
They are charged accordingly by remittance centers.
BITCOIN would help millions of families have a much lesser cost of remittances if BITCOIN or any other cryptos are well-established in countries like Philippines.