Post
Topic
Board Economics
Re: Can bitcoin improve the economy of a country?
by
de_crypt
on 09/10/2017, 17:53:46 UTC
Some states are accepting bitcoin even in exchange for their citizenship.
http://uk.businessinsider.com/vanuatu-accepts-bitcoin-for-citizenship-payment-2017-10

Anyway, generally, everything that can increase country's payment balance (lessen the debt) or GDP improves the economy.
Bitcoin itself can really help countries with underdeveloped financial sphere — no reliable banking sector, volatile national currency, etc. Also, it can become a new globalization way for countries under sanctions like Cuba or Iran.

Venezuela is going to be first to try solving economic problems with bitcoin
https://fee.org/articles/the-first-bitcoinization-of-a-sovereign-state-is-happening-now/