Many people in the Caribbean or Africa have a hope that the bitcoin industry can generate huge earnings for them. That sounds a bit ambitious, but it
Many people in the Caribbean or Africa have a hope that the bitcoin industry can generate huge earnings for them. That sounds a bit ambitious, but it is possible. The chances are very low though. For that to happen, bitcoins needs to be universally accepted. Currently, bitcoins are not easily available and hence it is not accepted in most places. Nowadays, you have to struggle a lot to get bitcoins. Previously, there used to be an easier option. There was a website called circle.com, where you could just visit and purchase bitcoins after making payment with your card. However, that option is no longer available. There are several rumors as to why it is no longer available. But whatever may be the reason, the Bitcoin industry suffered massively because of this.
The transactions in the bitcoin market is not very different from the market of similar assets like gold or silver. However, in case of the other assets like silver and gold, you have to open accounts and present many documents when you want to buy them. Hence, those transactions fall under the jurisdiction of most countries. For the Bitcoin industry to flourish, it needs to get rid of such accounts and documents. Free market system is the only way Bitcoin can become successful. Nowadays, you won’t find many free markets, mainly due to the lack of independent thinking participants.
However, you will find many dealers in the Caribbean who offers such kinds of transactions. You just have to decide the number of bitcoins which you want to buy and then provide them with a delivery address. You also need to give them an email address, where the confirmation mail will be sent. After you pay with your card, the transaction is completed. There is no need to open any accounts or show any documents.
In order to prosper, the bitcoin industry needs more such dealers, who are willing to do such transactions. They need to get rid of the opening of new accounts part. Bitcoin users already have many such accounts and wallets. All they need is just an easy and a simple way to get bitcoins.
There is no such risk in such kind of transactions. From the viewpoint of the sellers, the risks associated with accepting credit card payments is same in case of Bitcoin as that of other items. There are no extra risks involved.