Bitgold, the newest addition to the long line of ambitious crypto-currencies is making waves and is setting itself apart to be more effective and useful than those who have died under the robe of history. Yes, it is different as it mixes the best of both what virtual technology and tangible practical real life transactions can offer. But if the surging increase of sign ups and further expansions won't convince you, we don't know what else will. Yes, we all know why this digital currency is making the right splashes; it sets out to make gold a currency for all, an ancient idea of the trade and barter but this time backed up with the security and portability of the 21st century. One can buy gold, sell gold, and acquire services and goods using gold as payment. We are also not privy to the collective unconscious value of gold, meaning, anywhere on Earth gold is considered valuable.
Yes, we get the concept but if we further analyze the timeline of the "trending status" of Bitgold, this can be a by-product of sheer luck and great timing or a calculated strategy and heavily planned tactics. The answer to that we can never know, but there is no better time than now to accept this concept with open arms and with deep and critical understanding. In this dismal time of great financial decline, it is time to consider the concept of universal currency along with the ease of access to it. We are no longer in the time of great monetary bliss with the recent recession and economic crashes in other parts of the world. Case in point, the Greek Exit and the tragedy that's happening to Greece right now. We can say it's a separate case and is a case of mismanagement of debt funds.
But in the past two decades, there have been things worse than the Greek exit. What's worse than recession? Hyperinflation. The unfortunate situation wherein the government has completely given up on managing the country's financial crisis and is using the currency of another nation to stabilize economic activity. This is not an ideal situation to be in as you are at the mercy of the status of the saving nation. For example, Ecuador, El Salvador, Panama, and Zimbabwe do not have their own currencies and use the US dollar as their denomination.
They are examples that other nations do not want to be in and double the trouble for overpopulated third world countries. You have low economic activity with many hungry mouths to feed. And this is where Bitgold comes to the rescue. Recently, Bitgold dropped hints that it will be targeting Indonesia next. To an average Joe, this is quite a head scratcher as to why would a starting stable company target the world's 4th most populous country with the world's worst third performing currency? The power is in the numbers.
What is unbeknownst to most people is that third world countries are technically updated. They have internet, have smartphones, and are well adept with apps. And with Bitgold's technological hook as its main selling point, coupled by its easy breezy services, you can say they can hit the jackpot! Still not getting us? Those who live in third world countries, have their breadwinners sent to work abroad in more affluent nations working menial blue-collared jobs do send money to their loved ones back home. But if they use Bitgold, they are sending money without subject to bank fees, taxes, money changing cuts, and more. All you need is a Bitgold account and a Bitgold Debit Card! No bank account needed. Western Union should be whimpering right now! And you're not sending back fiat money that is subject to currency fluctuations. You're sending an amount that is equivalent to gold back home! But it is important to note that Bitgold does take only 1% of the cut; think of it as a transaction fee when you transfer. To emphasize this is gold we are talking about, a commodity known for its extreme value, rarity and strong standing power. Imagine all the people that Bitgold can help, as there are many overseas workers leaving their families and comforts behind just to give their loved ones a better future. Besides Indonesia, other overpopulated third world countries that has its people working abroad like Brazil, Pakistan, Nigeria, Bangladesh, Mexico, Philippines, and Ethiopia can truly benefit from Bitgold. Take that into the grand scheme of things and the world can be a better place. What is lacking is that people have the openness to strike this golden opportunity while the gold is hot.