Quote from: Manila Tanaka on July 23, 2024, 08:41:33 PM

Let’s discuss today about Crypto and how it can extremely help poor nations.

We all know that poor nations have poor citizens that have difficulty applying for bank accounts due to missing requirements. With this issue, poor country have lots of citizen that is not included in the financial circuit/activities in terms of regional or international financial trades. Bitcoin solves this problem by giving the unbanked an opportunity to have access to global financing.

Bitcoin enables financial inclusion to these individuals and with this more citizens is able to participate in financial trades which in return can improve their lives and help the family to improve their purchasing capability making the trading economy improve.

Quote from: retreat on Today at 03:29:25 AM

Quote from: Manila Tanaka on July 23, 2024, 08:41:33 PM

-snip-

Let’s discuss today about Crypto and how it can extremely help poor nations.

No one can help poor countries except themselves. Whether it is Bitcoin, Ethereum, or other cryptocurrencies, it will not have any significant effect on the development of a country, because again, what helps them is themselves and how they can manage their country better with the various resources they have or the right regulations for their society. So don't dream that cryptocurrency can help poor countries because it is just a delusion.

Not entirely true, although it will give huge improvement if the government itself remove their corruption, but there are tools that can help improve livelihood of a family. The one I stated above, financial inclusion, help the unbank to participated in e-commerce which in turn can help the country e-commerce industry boom and at the same time can give a family an additional option for profit or earnings.

This article: https://guardian.ng/features/how-does-bitcoin-help-the-poor/ states some of the feature of Bitcoin that can help improve the system of a poor country resulting to lesser corruption and an option to have an hedge against inflation.