Post
Topic
Board Bitcoin Discussion
Re: how bitcoin and blockchain technology can be of help to poor countries.
by
Aanuoluwatofunmi
on 27/02/2025, 12:38:16 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.

Making an investment in Bitcoin is one of the ways they could seize the opportunity in it to change their own economy for good, but before that, there must be some instrumentation laid on ground for the fair policy on how to go about it, this will help them devise a means to invest, the strategy to use and the duration the investment will go for, when there is adequate planning on ground made already, things will work out for them, but before then, they have to have a concession on how to start.