Post
Topic
Board Bitcoin Discussion
Re: Bitcoin Legality effect
by
Mike Mayor
on 18/10/2019, 10:55:09 UTC
How can there be no currency difference?


There will be no currency difference, yes, but more importantly, over a billion of people will be included in the global economy. Those who are underbanked or completely unbanked can now participate thanks to crpyto. Of course, the arrival of regulations that would make Bitcoin legal is only the first step, and people then must actually be willing to adopt it and use it. They need to be educated about it. There is a lot more to do, even after the legal issue has been handled. Which, by the way, needs to be done throughout the world, as a single jurisdiction or even a few of them won't be enough.

Really? A billion people? There are about twice that number of unbanked people and yes, most of them are like this simply because banks cannot give them accounts, because they either do no live near facilities or they even cannot have status like us normal citizens.

But I don't think crypto is the automatic answer for them. You think they can use Bitcoin easily if they cannot use normal money easily?

Ahhh yes, You just that people cannot get access to baking since they have no facilities or make enough to afford to keep one open. Being able to use normal money has nothing to do with it at all. Bitcoin is much easier to use and access and it is much cheaper.