How bitcoin is important in the country

[jeff87]

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

I also believe that cryptocurrency improves developing countries. It improves the lives of traders. It can make their lives very rich and very wealthy. They can reach the financial freedom that they have been wanting to achieve. I hope I will also be one of those who attain better financial life through cryptocurrency.

 

[tyrim88]

Bitcoin has come to really simplify the way commerce is been run globally.It does not need to go through the regulations of the banking process to be able to make cross border transactions,and it has really made the trade worldwide to become global.

 

[Nomad]

When a country adopts the bitcoin, not necessarily as a legal tender but just approval to operate in legal environment, it creates income generation opportunities for the common people

 

[Elfinito]

Bitcoin is a form of investment and with Bitcoin the economy of the country is on the rise because more money comes into the economy through profit made by traders of Bitcoin

 

[Sotherefore]

No matter how important bitcoin is in my location it will still be determined by the current price of bitcoins that will determine how valuable it will be .I don't think location really determine the importance of bitcoins.

 

[greenie]

Cryptocurrency is actually being used massively in my country but it is not being popularized. Nigeria is the second largest user of crypto in the world. But recently government placed a ban on cryptocurrency activities in the country which is creating some problems. I feel crypto is as important as the banking sector but the government is refusing to accept its importance.

 

[tyrim88]

When a country adopts the bitcoin, not necessarily as a legal tender but just approval to operate in legal environment, it creates income generation opportunities for the common people

There are lots of benefits that the introducton of bitcoin cryptocurency has brough,the ease in carrying out transaction and also confirmation of e-commerce payment is also another,and it does not require too many protocol to do transaction

 

[Bigron]

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

With the advent of Bitcoin, worldwide business has become incredibly simple. Intra and inter
transactions are conducted without having to follow the rules of the financial system, which has actually made trading accessible on a global scale.

 

[Rolly_blen]

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

It boosts the economy, for a start and since every cryptocurrency is valuable and significant, including bitcoin, every nation must permit its use in those areas where its users are present.

 

[Sotherefore]

Bitcoins may be important to some countries , it can promote transparency but at the same time it brings a lot of disadvantage. It can destroy a country's economy as more people will be willing to invest in Bitcoin.

 

[HayKay]

The only way crypto currency has helped people is making them wealthy by having an ecosystem they can control - nothing more. If you still check, vices are still committed using crypto so there's nothing special that has been achieved.

 

[tyrim88]

Aside from the question of whether it is a store of value, a successful currency must also meet qualifications related to scarcity, divisibility, utility, transportability, durability, and counterfeitability. Let's look at these qualities one at a time.

That is true,that is on the basis of fiat curency,because i do not see most nations making use of cryprocurency as their store of value,because of its fluctuation in the market.

 

[Sincerem]

The only way crypto currency has helped people is making them wealthy by having an ecosystem they can control - nothing more. If you still check, vices are still committed using crypto so there's nothing special that has been achieved.

That is one of the advantage of bitcoins, the decentralized technology makes it possible for people to be the one in control of their assets without having to be a third party partners to do so.

 

[HayKay]

That is one of the advantage of bitcoins, the decentralized technology makes it possible for people to be the one in control of their assets without having to be a third party partners to do so.

While this seems advantageous, there has been a wider gap created by the greed surge. The profitability of the market has made a lot of people enter the market solely for that reason which has caused a lot of loss in the end.

 

[Sincerem]

While this seems advantageous, there has been a wider gap created by the greed surge. The profitability of the market has made a lot of people enter the market solely for that reason which has caused a lot of loss in the end.

But at the same time you will come to find out that this is how people learn and understand how it really works. There is no how you cannot face a loss if you are interested to deal with cryptocurrency.

 

[Agbalagbaa]

Yes Bitcoin is very important especially if you are working online, with the help of cryptocurrencies like Bitcoin you'll buy anything you want online, I really like crypto's.