While as we know that there are countries Now speculating on the Volatile Value of bitcoin,which Plunged down from $1100 to $200 Approximately,1 Bitcoin value of 200 is an Average Salary as we can say if I am not wrong.
A few of the countries like Kenya, Uruguay and Panama are just playing host to a growing group of venture-backed bitcoin companies that are using blockchain technology to tackle regional payments challenges.
“One of the reasons I’m excited about bitcoin and blockchain is really the potential in emerging markets, where there are so many underbanked and the financial infrastructure is not as developed,” says Jalak Jobanputra.
“Argentina is a very classic use case for bitcoin: Argentina at the
turn of the 19th century was one of the richest countries on earth, but
since then, they’ve had a series of massive devaluations that have been
very hard on their paper currency. Bitcoin is a very efficient vehicle
for transferring money in and out of the country,” says Morehead.
Whether for circumventing restrictions for travelers or eliminating fees for locals collecting remittances, bitcoin technology has been able to provide a huge advantage in facilitating transactions across borders.
A/c to Jobanputra, this is just the first stage of financial tech innovation in emerging markets.
“Some of the larger deals have happened more in the infrastructure and wallet space, but now you’re starting to see new use cases in different markets, and new regional players will start with remittances before building a whole financial infrastructure for other types of services.”
It can be greatly said that after a long we have heard the goodone from bitcoin's where we were expecting
the Value will to rise no more. :)
A few of the countries like Kenya, Uruguay and Panama are just playing host to a growing group of venture-backed bitcoin companies that are using blockchain technology to tackle regional payments challenges.
“One of the reasons I’m excited about bitcoin and blockchain is really the potential in emerging markets, where there are so many underbanked and the financial infrastructure is not as developed,” says Jalak Jobanputra.
“Argentina is a very classic use case for bitcoin: Argentina at the
turn of the 19th century was one of the richest countries on earth, but
since then, they’ve had a series of massive devaluations that have been
very hard on their paper currency. Bitcoin is a very efficient vehicle
for transferring money in and out of the country,” says Morehead.Whether for circumventing restrictions for travelers or eliminating fees for locals collecting remittances, bitcoin technology has been able to provide a huge advantage in facilitating transactions across borders.
A/c to Jobanputra, this is just the first stage of financial tech innovation in emerging markets.
“Some of the larger deals have happened more in the infrastructure and wallet space, but now you’re starting to see new use cases in different markets, and new regional players will start with remittances before building a whole financial infrastructure for other types of services.”
It can be greatly said that after a long we have heard the goodone from bitcoin's where we were expecting
the Value will to rise no more. :)
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