Goldman Sachs: Bitcoin can be useful for a troubled economyAccording to the report of Goldman Sachs, Bitcoin and other crypto-currencies can be a good alternative to the national currency for countries with an unstable economy.
Analysts at Goldman Sachs Zack Pandle and Charles Himmelberg said that digital currencies and, in particular, Bitcoin, can become a viable means of payment in countries where traditional money is not sufficiently provided.
Goldman Sachs experts: crypto-currencies can help the troubled economy
If the problem is the country's insufficient provident of traditional money, bitcoin would really be of big help for it is a digital currency, there's no need for the country to problematize about printing it and reproducing it to put up with the country's demand. Meanwhile, in terms of payment, It will surely be preferred as means of payment especially the volatilty of bitcoin would be much less and will do a counter act or alternative to avoid inflation of the currency by using bitcoin.