Post
Topic
Board Bitcoin Discussion
Re: Bitcoin to 3rd world countries
by
orions.belt19
on 29/01/2018, 11:37:06 UTC
Bitcoin or any other crypto is useless for poor countries for several reasons:
1) there is no infrastructure for that
2) most people don't have computers and stable internet connection to run transactions
3) citizens of such countries may have no idea what crypto is, because they've got bigger problems

1) What do you mean by 'no infrastructure for that'? no infrastructure for what? Admittedly enough, most third world countries lack in infrastructure but this pertains buildings, roads and etc so I don't see how it's related to the use of cryptos in a country.
2) that's true - but there are in fact a large number of people from third world countries who are users of crypto. In fact, a huge percentage of the population in this forum are from third world countries like the Philippines, Indonesia etc.
3) That may be true but that would only pertain to the minority - and mostly uneducated sector of a country. I believe that in a third world country, the population is educated and would somewhat encounter or hear about bitcoin. The financial and business sector of a third world country would surely know about bitcoin or crypto as well. Third world countries are not totally left in the dark because some have even made efforts to make adoptions or some governments have released statements about crypto because there are users present in the country.