Bitcoin is going to be the next technology that is used to leapfrog inferior systems in developing nations
Essentially, leapfrogging is when a developing nation skips over inferior technology in favor of more advanced tech that is available.
Some examples of this are developing countries having high usage of mobile phones, when landline infrastructure isn't even in place
Or the use of solar panels in small villages, preventing the need for connecting far away locations to a centralized grid.
Here's a great article
We are seeing this in real time in El Salvador, a nation where the average person doesn't even have a bank account, now 3 million use the chivo app and have access to the global market that previously was out of their reach.
"We believe the perception of bitcoin as a better inflation hedge than gold is the main reason for the current upswing," said JPMorgan. #bitcoin #cryptocurrency https://t.co/MCBR1GzS8L— Bitcoin News (...
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