Post
Topic
Board Bitcoin Discussion
Re: Can Bitcoin play a role in the country's economic growth?
by
Cookdata
on 20/08/2024, 17:22:46 UTC
.
Exchange of Remittances: Remittances are very important for the progress of a country. Bitcoin can play a real role in reducing the fees and time of traditional services when citizens of one country send remittances from another country.

From an overall perspective, a country can explore Bitcoin with their economy in the light of wide knowledge of the strategies to increase the holding and increase the scope of transactions and access to the exchange, which can contribute to the growth of that country in a big way.

Looking forward to your more recommendations.

I hope you understand that government doesn't like what they don't control, if only Bitcoin is a government creation probably like US for instance, many countries will follow and do the same thing but it's a product of a believer call Satoshi who see potential in his creation and today, individuals has embrace it and so does cooperate institutions and many other countries. If at all perhaps countries were able to have a first hand in Bitcoin, they would have done this idea.

Another thing is that you should know is that countries only give priority to their own currency and any other currency they used as their own reserve, any other thing is a secondary. Government don't like something that doesn't allow them have it their ways and that's what Bitcoin does, it gives freedom and allow everyone enjoy the benefit that comes with it as long as you have the money to buy it.