Post
Topic
Board Bitcoin Discussion
Re: Bitcoin as an opportunity for the unbanked.
by
aylabadia05
on 06/07/2023, 12:34:31 UTC
But one problem is bitcoin can not help the unbank people in countries that do not adopt bitcoin like El Salvador and also in countries that prefer to spend fiat. Most people prefer to spend fiat and use bitcoin for investment.
We admit that the presence of Bitcoin with its system that facilitates transaction matters can be a solution for those who do not have a bank account.
There was one prominent member of the forum posting outlining how Bitcoin saved a lot of unbanked people but I don't know what the topic title was or where it was created.

In this context, I agree with you that not all of the countries in the world have adopted Bitcoin like El Salvador.
Counting the advantages and disadvantages, the position still has many advantages even though for shopping you have to exchange it to fiat. The rest can be used as investment assets with the aim of maintaining its value.
Many people want it to be like El Salvador, but it's conflicted with various regulations and other factors.