Post
Topic
Board Bitcoin Discussion
Re: how bitcoin and blockchain technology can be of help to poor countries.
by
avp2306
on 25/02/2025, 12:19:07 UTC
To me I believe that bitcoin and blockchain technology can be of help to poor countries with inadequate infrastructures in numerous ways, if been legalise in those countries.

Bitcoin as a decentralized digital currency can allow peer to peer transations without the need of bank in countries with inadequate infrastructure, just with the use of their mobile devices if been ligalise.

Could you believe that blackchain base microfinance platforms can provide access to credit other financial services to small businesses owners and entrepreneurs in poor countries, if been ligalise.

Bitcoin can make transactions faster and easier and also low cost of remittance in poor countries, if been ligalise.

Bitcoin can be accessible and use through mobile devices in countries with inadequate infrastructures, for payment if been ligalise.

Could you also believe that  bitcoin related projects can make poor countries develop their internet infrastructures, improving connectivity and access to informations, if been ligalise.

Why do you always relate Bitcoin to poverty while in fact this is not the reason why this coin created.

Maybe read here what is the purpose on why Bitcoin created https://www.coinbase.com/learn/crypto-basics/what-is-bitcoin

Also poverty solution will depends on the action of government and people  since if rampant corruption is happening and less education plus effort done by people there's still nothing will happen even if Bitcoin will exist.