Contents:

• What are third world countries.

• What people of third world countries think about cryptocurrency.

• Role of influencers in promoting crypto.

• What improvement we expect in 2022.

• Role of government.

• Personal point of view.

• Bitcoin Cash , the real bitcoin.

• Read.cash : a game changer

What are third world countries.

A developing country with less developed industrial / technological base is known as a third world country. Usually people in these countries are trying hard to make both ends meet due to limited earning opportunities. Average monthly income in these countries can be as low as $100 according to survey reports.

These include countries like India , Pakistan , Bangladesh , Syria , Yemen etc. We will focus on Pakistan cryptocurrency market.

What people of third world countries think about cryptocurrency.

In recent years specially after the unrealistic rise of crypto currencies like Bitcoin , Ethereum in 2017 , an increasing trend can be seen about crypto investing in countries like Pakistan. People are eager to know about the reality of cryptocurrency , block chain technology and amazingly ready to trust it. Exchanges like Binance are becoming really popular here and people have started investing there using there small savings.

Unfortunately due to lack of crypto-knowledge a common person usually tend to loose high amount of its money , seeing the downtrend in market.

Main reason for this is the lack of knowledge and fear of loosing all the investment.

Role of influencers in promoting crypto.

Lately , in Pakistan , a tsunami of people promoting cryptocurrency can be seen. Young entrepreneurs including students , are trying their best to educate the people about the benefit and gains of cryptocurrency. Due to there efforts , an upward trend can be seen in the crypto market of Pakistan. Seeing there best people promoting cryptocurrency does help people in overcoming the fear of investing in it. There is a wave of youtube channels , online blogs , seminars , telegram groups trying , free of cost , to promote crypto in country. A credit also goes to read.cash where common people like us can write our views and be a part of educating common people's.

Popular crypto influencer's include Waqar Zaka , Osama Ali , Muhammad Ali etc

What improvement we expect in 2022.

Analysing the current situation we can surely predict that in 2022 there will be a boom of cryptocurrency in countries like Pakistan , as it was in Europe in 2017.

Through social media platforms new technologies are inspiring common daily working people to invest there savings in them. There is no doubt that , today , people like us trust crypto more than our lives , that is why we are trying to share our knowledge , so the common people who doest trust foreign influencers , can trust us by meeting us , seeing our crypto profile and by learning how is market works.

According to the report of State Bank of Pakistan , cyrpto-holders in Pakistan holds more than $20 Billion worth of cryptocurrency , which is more than the reserves of State Bank of Pakistan.

Astonishing! ,right? Just this news shows the trend of people towards the cryptocurrency and for sure its going to rise in the coming year or two.

Role of government

Unfortunately , the governments of countries like Pakistan are unable to understand / accept or implement the Blockchain technology. In Pakistan crypto trading is banned by the government. Which is the main reason for its limied growth in public. There are constant protests by people, against the government to regulate cryptocurrency , but it seems like government is unable to understand its benefits.

As mentioned above according to the reports of State Bank of Pakistan crypto holders in Pakistan holds cryptocurrency more than the reserves of State Bank.

If after almost no support from government , people are showing this kind of interest in crypto-trading than its no hard to imagine what will happen when people will governments support in doing it.

Personal point of view

I believe that thrid world countries like Pakistan can be new hub for cyrpto trading in the world. Due to limited earning opportunities and want to do something , more and more people will be attracted.

Only thing we need to do is provide accurate information to people so they doesn't loose there savings.

Tell them how the market works and explain them about the future like nfts, tokens etc

Tell them that the Bitcoin era in gone , its time to invest in proper coins like Bitcoin Cash having 32 mb size per block as compared to 1mb size of Bitcoin , which seems hilarious now.

Support of government in the back of people can help to increase the crypto trend massively.

Bitcoin Cash , the real bitcoin

People who doesn't know about cryptocurrency , surely know one word , thats is BITCOIN. For them the whole crypto market goes around the rise and fall in market of BITCOIN , which is a total myth.

The main reason of Bitcoin creation was to make decentralised platform , unfortunately due to some old fashioned decisions , Bitcoin has failed to fulfill its reason of creation. Size of bitcoin block is 1mb , which is very small as compared to other coins , this has lead to long waiting for the withdrawal or tranfer of funds , which is totally against the bitcoin idealogy , so in August 2017 , another coin named Bitcoin Cash was launched.

The best thing about Bitcoin Cash is that is focuses on the same ideology for which Bitcoin was created , and providing easy withdrawals and tranfers to people.

There is need to educate people telling them which bitcoin to invest in , for me its surely the Bitcoin Cash.

Read.cash : a game changer

Earlier as i said , there is a need to educate people about the real cryptocurrency , so that they can really get benefited from it.

Read.cash is a perfect platform for this purpose , i myself have learned a lot from here and this the reason i am writing here to motivate other people , as i belive

"Transfer of knowledge , increases the knowledge"

It is super easy to write on this platform and i will like to encourage you guys , reading this article , to give it a try.

<---->