Post
Topic
Board Bitcoin Discussion
Re: how bitcoin and blockchain technology can be of help to poor countries.
by
Fiatless
on 25/02/2025, 22:39:46 UTC
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.
Poor nations can benefit from Bitcoin if they invest in it. Countries like El Salvador and Bhutan have invested massively in Bitcoin and I guess that they are now in profit. Bitcoin could also help nations and business owners to avoid the exuberant fees paid to middleman during international trade. Beside these two benefits I don't know if Bitcoin can reduce poverty in a nation. People from poor countries are more interested to survive, hence many of them might not consider Bitcoin investment.

Internet facilities are very expensive. I don't know how Bitcoin will help people from poor nations to develop internet facilities. Maybe they can join financial resources together and buy a satellite connection maybe from Starlink.