Can Bitcoin help create inter-country relationships?

[Nicklas22]

Yes, I think so, many countries trade together, buying one or two goods and services from each other
I think with time cryptocurrency will be used as a means of exchange between two countries and that can create inter countries relationship

 

[Nurudeen]

I don't think Bitcoin or any other crypto currency have the capability to create inter country relationship because most investors who are into this business sometimes do not even know themselves. They only buy and sell on the crypto currency exchange platform so it's not possible to build any relationship

 

[Niftyyem]

Yeah, bitcoin and other Cryptos do help to create cross border relationships and even to foster them more than ever. It is just that it would be lovely if this could foster friendships among governments of various countries.

 

[Ltherman]

Crypto currency as a whole has already established that international connection due to the nature of transaction taking place. Parties across borders who haven't met before can use crypto as a medium of exchange using the instrumentality of a smart contract where both parties have a preset role before payment.

 

[Klismannm12]

yes it can sense the online world has made the world a global village not just a capability of a small village that is capable of connecting millions of pieces and bitcoin is so squally playing a part since it is a cream to use for transactions they can make friends with people who are staying far away from home without for them to be helping you and introductions..
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yes it can sense the online world has made the world a global village not just a capability of a small village that is capable of connecting millions of pieces and bitcoin is so squally playing a part since it is a cream to use for transactions they can make friends with people who are staying far away from home without for them to be helping you and introductions..

 

[Kehinde]

Cryptocurrency improves developing countries by reducing corruption and promoting transparency, reducing transaction costs and time and offering greater financial inclusion and microfinancing.

 

[Ayokex]

Cryptocurrency is a global evolution that is bringing the whole world together. This is already happening, it is no longer news that Bitcoin is bringing the whole world together. Almost every country of the world is using Bitcoin for transactions and it's become the easiest way to use. It is very nowadays that an African can easily do business with an Asia without any fear.

 

[Donkiz]

One of the unique features of cryptocurrencies is that some of the transactions are untraceable. Therefore the idea behind the creation of bitcoin was to facilitate easy transaction without boundaries. So there was no border or country in bitcoin transactions, everyone is seen as members of cryptocurrency community.

 

[Rashid]

Yes of course it will help to create good relations between countries and states. Even it is creating and making good relationship now too. Easy and effective use of crypto currency exchange will get closer to countries and impact of crypto also attract people.

 

[Adam13]

Yes it sure can because bitcoin is gradually becoming a global it has already become a global and it helps hasten transaction between countries using a virtual method without the need of a physical bank. this uniqueness of currency of currency since all bitcoin are the same regardless of the country you are from

 

[Dowenship]

Bitcoin is a currency that is starting to be employed by many countries and as it is becoming legalized in many states that may exist locally there is also many more states that are considering legalizing it as well. This is like a domino effect whereby one of the countries shows their support for the currency and others follow in that footstep as well. This is a good thing for globalization of crypto, but it is also something that we need to consider in terms of the building relationships between countries.

Bitcoin is an easy way to transact and send money in a short period of time. Do you think that this financial system will help to develop relationships between countries as they are able to transact much easier? What are your thoughts on this?

I see no point of the relationships here. I don't think if war is going happen will happen it won't be because of the support of crypto that will stop it.

Stay humble stay focus on the course. And never give give up.

 

[BrolySSJ]

I don't think Bitcoin or any other crypto currency have the capability to create inter country relationship because most investors who are into this business sometimes do not even know themselves. They only buy and sell on the crypto currency exchange platform so it's not possible to build any relationship

It is true that may need to focus on buying and selling of cryptocurrency coins however at the same time it can help facilitate transactions between countries and help them to provide financial aid to other countries that may not have the necessary resources in a short period of time for the transaction. This is what I think will develop those relationships between the countries because they will be able to provide financial assistance to each other without the limitations and timeframes that traditional banks offer.

 

[Hamza1999]

Disadvantages of Bitcoin for International Payments. However: Bitcoin is not yet widely accepted in many countries, and in some countries its use is illegal. ... The sender exchanges conventional currency for bitcoin, then makes the payment in bitcoin; the recipient exchanges the bitcoin for conventional currency.

 

[Akinwale701]

In fact, this is one of the main reason why bitcoin was created in 2009 by Mr Satoshi in order to foster the transfer of funds between countries. Before the advent of bitcoin, sending money from or country to another, especially over continent has been so difficult or even impossible but with bitcoin, you simply send to wallet address and they recipient receives and sells it.

Bitcoin is a currency that is starting to be employed by many countries and as it is becoming legalized in many states that may exist locally there is also many more states that are considering legalizing it as well. This is like a domino effect whereby one of the countries shows their support for the currency and others follow in that footstep as well. This is a good thing for globalization of crypto, but it is also something that we need to consider in terms of the building relationships between countries.

Bitcoin is an easy way to transact and send money in a short period of time. Do you think that this financial system will help to develop relationships between countries as they are able to transact much easier? What are your thoughts on this?

 

[Kingsley]

As we all know bitcoin is an international currency that is know worldwide and used worldwide, in this regards it certainly can bring about some sought of trade relations between countries and even between her citizens.

 

[Lyrrex]

Yes bitcoin and in fact cryptocurrency as a whole is creating countries relationship and its still creating more. Through the exchange of coins and through the buying and selling of coins I think the relationship will grow stronger because many online stores are beginning to use bitcoin.

 

[Planet408]

I don't think Bitcoin will have any effects on inter country relationship. Even though many countries have started making use of Bitcoin, how would it build their relationship when it is only used for transactions just the way every other currency is being used for international transactions even before the existence of Bitcoin.

 

[Briangsam]

I totally agree to your sentiment. Cryptocurrency can help countries build relationships because you just need to have a wallet and all you do is to transfer coins. This will give freedom from different fiat currencies of different nations. So, different countries will share the same currency - the coins.

 

[Ltherman]

It may not be bitcoin as a currency but the driving technology behind the coin which is blockchain can help international transactions. Since its a trustless protocol where parties are assigned roles and once those roles are performed the performing party derives the benefits. This is the way smart contracts work.

 

[unhappy triad]

Aside the not trade relationship it offers with people it in different regions of the world there I no mutual connection attached. Its just like the stock market. No breach in the relationship gaps that exists between regions of the world. I may be wrongwho knows