Post
Topic
Board Economics
Re: The gap between poor and rich countries, a major impediment to global adoption
by
magneto
on 20/09/2018, 09:41:33 UTC
Undoubtedly, the acceptance of bitcoin is growing in a remarkable way, but most of the people involved in these field are people from Europe, Asia and America. For me who live in an underdeveloped country of Latin America I find it disappointing to see the little interest that people have in these technological issues, and the great ignorance that still prevails with respect to cryptocurrencies.

In addition, in these countries people have very few aspirations and do not seem interested in matters related to technology. And from what I see, in places like Africa, something similar seems to happen.

This type of educational, economic and technological limitations will only mean a delay for bitcoin to become a cryptocurrency of truly global scope and use.

All you need to access bitcoin is virtually just internet access plus any form of device capable of downloading a compatible bitcoin wallet and has the capability to connect to a network. And with the surge of internet adoption worldwide, even the poorest countries will have wide coverage for these technologies sooner or later.

Besides, countries in economic turmoil such as Zimbabwe, Venezuela and Turkey will be the first to appreciate truly why bitcoin is so beneficial.

When your country's fiat is collapsing citizens in that country will seek alternatives to move their wealth out of that particular depreciating currency, and bitcoin is one of the most logical choices to make in that regard. Thus, I think that sometimes the contrary of what you say is true. Bitcoin adoption may be most prominent where the management of fiat is the poorest, out of necessity.