Bitcoin seems like the perfect currency for developing countries, the only potential downsides are it's vulnerability to hacking and it's irreversible nature (which can also be a positive). It strips out many fees associated with banks or payment transfer systems like Western Union. It could potentially be stopped by governments if they make it hard to exchange into a local currency but people can be surprisingly creative when it comes to obstacles like that. I fear however that low tech governments would want to block it when they are scared off it by established payment processors who want to prevent competition.

Bitcoin seems like the perfect currency for developing countries, the only potential downsides are it's vulnerability to hacking and it's irreversible nature (which can also be a positive). It strips out many fees associated with banks or payment transfer systems like Western Union. It could potentially be stopped by governments if they make it hard to exchange into a local currency but people can be surprisingly creative when it comes to obstacles like that. I fear however that low tech governments would want to block it when they are scared off it by established payment processors who want to prevent competition.