With the increasing growth rate of bitcoins all over the world,what benefit will this be to the non developed countries? Is it a solution for them or simply a hindrance??I will love to hear what you guys think about that.
I guess that the context here is that of those heavily under-developed, or at least those with a very low average salary. From a Countrys perspective, those countries are not likely wanting to fully endorse the creation of a parallel payment system. No country is likely to adapt BTC as a free floating currency to use for payments with the wild roller-coaster type of ups and downs it has.
That leaves us the individual themselves to consider, although subject to their countrys legislation. Bitcoin is still not that easy to manage, and for those countries with a low cultural and technological level, it may not be that easy to assimilate. Regardless, under the current stand, it is used more as a store of (speculative) value than anything. As such, those that are bolder and fortunate enough to make their move at the right time, and understand the ropes, may ease their situation (just as a whole other bunch will go the opposite way). In their case, it may be riskier that for first row country citizens, as proportionally they may individually, due to their situation, be willingly to put more at stake than one should.