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.
Hindrance for the banks who issues loans and remittance fees with high collection rates. A very helpful tool, utilize by most people who doesn't even had the chance t open an account on banks. Bitcoin solved that, there many people who were unable to prove their identity especially in rural areas, they have no birth certificates and all. They have families all over the world and in other to receive payments, they need to go to remittance centers with high fees.