How can Cryptocurrencies help Developing economies

in #africa7 years ago

Crypto Currencies like bticoin , ethereum , doge coin and litecoins represent a good form of income that can help the people in the developing countries to have a good income streams and would help them to invest more in the new economic systems, in other words, the existence of the digital economy can help people to find a new sources of income that have been nontraditional in the past.

A developing country can then in this case by the providence of a good infrastructure of technology to its members can contribute in increasing their national income rather than just make the unemployed persons represents a burden on its government budget, also , this can contribute in increasing the standards of living of people without costing the economy as long as this will help in developing the technological infrastructure of the country to cope with people striving for more.

Giving an example now from the African continent , if we started to utilize the over population there to serve as a good factor of production this would increase the overall circular flow of income in the continent as long as this will enhance education levels , provides more income to people , facilitating barter and exchange between them and thus this would increase their standards of living.

Do you agree with this idea ? we are waiting for a constructive discussion with you 

Sort:  

Congratulations @etman! You have received a personal award!

1 Year on Steemit
Click on the badge to view your Board of Honor.

Do not miss the last post from @steemitboard:

SteemitBoard notifications improved
SteemitBoard Ranking update - Resteem and Resteemed added

Support SteemitBoard's project! Vote for its witness and get one more award!

Congratulations @etman! You received a personal award!

Happy Birthday! - You are on the Steem blockchain for 2 years!

You can view your badges on your Steem Board and compare to others on the Steem Ranking

Do not miss the last post from @steemitboard:

SteemFest⁴ commemorative badge refactored
Vote for @Steemitboard as a witness to get one more award and increased upvotes!

Coin Marketplace

STEEM 0.26
TRX 0.21
JST 0.037
BTC 94986.45
ETH 3594.38
USDT 1.00
SBD 3.77