My Aim was to take a closer look into money from Bartering and exchange to Digital and crypto-currency. I believe we lost the real understanding of money and what it is supposed to be. Maybe because the money we were born and raised on is not even "MONEY" .

But Then

I realized that it always better to focus on things that matters and can make a difference

So

Instead of talking about theories and reflection about money. Lets get back to reality for one post and discuss how cryptocurency can help a developing country.

Cryptocurrency offers a real solution for developing Countries.

Basically, I think developing countries are suffering due to the ignorance of the governance. People who are managing the monetary systems in these developing countries are not fit and lack all the skills necessary. What not implement crypto-currencies to avoid stupid , uneducated, ignorant, human decisions. Its obvious right?

But How?

This is the real question. How to implement cryptocurrencies and make everybody use it?

We all agree that mass adoption will solve the current problems and will lead us to a free market.

Any thoughts or ideas about how cryptocurrency could help a developing country?

Now Many people know about crypto currency, but not everybody know the real potential. People cant think of why it is useful and this the problem.

Thoughts from the community

I think it can help only if there is an easy way to convert to their own currency (which then allows them to pay bills etc). The key thing holding back cryptos in the developing world is lack of exchanges and interfaces with their own currencies. If you can't convert it to your own currency and you can't use steem to buy stuff directly, it doesn't help.

It is very clear the foreign currency is the obstacle in many developing countries. No enough Foreign currency means high prices, people cant buy crypto-currency and inflation.

The question remains: How the Block-Chain and crypto-curency can help developing countries with bad economies change the financial system?

Any Thoughts will be highly appreciated.

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