Bitcoin is taking over the internet for online transaction, therefore, most of the local currencies in the developing Nations are affected.. because developing Nations are not inclined in the e-currency transaction
No bitcoin is never the reason that local currency of developing nations are suffering. Such countries have not kept to the real indices of building economy that will help there currency. It is the system of the country and the ways that they are corrupt determines the economic progress. For example if a country is an exporting country it will help her foreign exchange.
Can Bitcoin really weaken the Local Currencies in the Developing Nations?