3 Major Uses of Bitcoin in Asia

The ways that bitcoin is used all over Asia varies depending on several factors such as market demand, government restrictions, and culture. According to the region’s prominent bitcoin companies, there are three major uses of the cryptocurrency in Asia: investment, remittance, and currency.
Using the crowdsourced feedback from Ron Hose from Coins.ph, Mario Gomez Lozada from Quoine, Aurlien Menant from Gatecoin, Danyal Manzar from Urdubit, and Saurabh Agrawal from Zebpay, Tech in Asia mapped out these primary uses in each country.
Functions of Bitcoin in Asia The first major usage of bitcoin is as an investment. This involves countries that have bitcoin mining groups or firms using high-powered computers to secure bitcoin. From there, these units can be traded on exchanges, allowing its owners to profit from any changes in value.

This post was published at NewsBTC on Apr 22, 2015.