Post
Topic
Board Economics
Re: Does Bitcoin Help The Poor
by
nicecrypto
on 21/02/2021, 09:03:09 UTC
People ask why they should buy and support bitcoin.

One good reason.

Bitcoin helps the poor.   Grin

#1  BTC provides banking services to the unbanked  Millions around the world who cannot qualify for a bank account use BTC to conduct business and make electronic transactions.

#2  BTC allows immigrants to send money to families back home  Immigrants from cuba, the middle east and other nations who travel to the USA, europe or asia. Use BTC to send funds to their families back home.

#3  BTC empowers nations with troubled economies like africa, the philippines and venezuela  It provides a means of income to help stabilize dwindling economies like venezuela's. Provides options and opportunities to those in africa and the philippines.

There are other examples but I think people might get the gist of this without them.

Those who wish to help the poor can donate money to charities or propose government assistance. Bitcoin may yet be another method.

#1 Even if this is the case, this is a very minute amount of the population cos every one that operates a crypto transaction must have transfer their trading fiat first from their Banks Account.

#2 Little wonder why the Government wants to totally eradicate cryptocurrency

#3 This is my favorite  Grin Grin Grin But also for those that are truly crypto enthusiasts. From the 2020 data, Nigeria ranked highest in crypto trading since the countries Government have not been able to truly provide for the masses by creating jobs but crypto was a way out and has really helped out on that part.