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EnglishHow can Bitcoin Cash help people in Lebanon which saw their savings and salaries vanish?

With the economy collapsed the currency of Lebanon is worth depending on whom you ask and the official exchange rates are changing 3 times a day. How can crypto economy flourish and bring prosperity to people which they saw their basic salary drop from 450 to 60 dollars per month?

altruist 2 weeks ago
    Tags:
  • Crypto
  • Economy
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Ahmad Elnoby 2 weeks ago
They should put in place an integrated system that helps them use cryptocurrencies and urge people to create electronic wallets for them
Shane 2 weeks ago
if everyone there starts accepting crypto for trades than its possible for crypto to flourish there
AssFace 2 weeks ago
60$? you must be lucky, I'm lebanese btw, now days a Bitcoin worth like 32 thousand dollars, a dollar worth 20 thousands lebanese pounds. do the math, a bitcoin worth 640000000 LBP, so during this economic crisis it's impossible for us as lebanese to start trading with crypto
Ogundare Mathew 2 weeks ago
If they can be using it for invest it will help a lot
arka 2 weeks ago
As Lebanese community is familiar with cryptocurrencies ( ripple ) , BCH will be welcomed fairly. But familiarising BCH wallet in that region is gonna take a while so I think no economic formation will be seen overnight , if BCH is launched in Lebanon. But hopefully this will increase mobility of money and foreign transactions will be easier for Lebanese people. They will be able to make their own savings without any hassle and due to blockchain transactions will be safe and secure
serieee 2 weeks ago
if they start accepting crypto for trades then its possible for their loss saving can retrieve
Olismar 1 week ago
Adotar medidas mais efetivas de estabilizar o cambio nacional, as criptomoedas são um das opção mais estaveis.
KOUESSO PETCHA NELSON 1 week ago
cryto is essential because is worth is universl. That is if bitcoin is worth $32k in the united staes, it is the same in Lebanon.
So to deal with this issue, the government has its role to play and the people need to engage themselves in the crypto world.
Daniel 1 week ago
They should put in place an integrated system that helps them use cryptocurrencies and urge people to create electronic wallets for them
Corbin Taylor 1 week ago
They will be using blockchain transactions that is safe and secure and completely unrelated to the normal currency
ujeshj 1 week ago
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ujeshj 1 week ago
If the country can prove it is rebuilding its fiscal infrastructure, it might be able to secure billions of dollars in financing from the International Monetary Fund (IMF). IMF backing would encourage further investment from the international community,

At the moment, the government’s plan is to cut its debt by about 62% and wipe out $44 billion in foreign exchange losses at the Lebanese central bank. This plan would include wiping out the reserve capital at the central bank, the reserve capital at private banks and a certain amount of deposits from the country’s wealthiest people.
alizekrian16 1 week ago
buyed in coinex
Erickson 1 week ago
if BCH is launched in Lebanon. But hopefully this will increase mobility of money and foreign transactions will be easier for Lebanese people.
Boris Zelechowski 1 week ago
They should follow El Salvador example, it might take time to be effective but I'm sure it will be a good thing for them.
ticatious 1 week ago
Bitcoin cash is a possible solution to an actual proble, Emerging economies adopting new technologies before more established ones is nothing new. Bitcoin cash can help lebanise, where a large proportion of the population is unbanked. Lebanon is a region long afflicted by wobbly currencies salaries and wages varnish exchange rates changing 3 times per day, and it there for fertile ground for Bitcoin Cash adoption as a major currency. lebanise can save their salaries and savings without losing value in the unstable currency and high inflation rates
Aleksandr 1 week ago
Я хочу сказать что ливанской валютой все будет хорошо и никакой кризис ей ни грозит
Emmanuel langat 1 week ago
By building the crypto basics among people and how the currency works perfectly in all regions and every economy.
Amine CH 1 week ago
vive Lebanon!!
MarkDGo 6 days ago
Cashless transactions is the way of the future. If the country can adapt it earlier, then they will be ahead of other countries in this aspect.
Linn30 5 days ago
Hi, The only reason or most valid reason is to fully legalize bitcoin transactions in all areas of the economy, this can lead to;
A Beneficial Rise in Economic Activities
Increased Transparency of Transactions
Low Transaction Costs
💯