Post
Topic
Board Bitcoin Discussion
Re: Can Bitcoin ever be use as other country currency
by
Sithara007
on 12/01/2021, 06:35:20 UTC
Can Bitcoin ever be use as other country currency and it will still maintain it decentralized digital currency?

The governments prefer to have their own national currencies, so that they can print banknotes whenever there is a need. With the controlled supply principle of Bitcoin, that is not possible. Some of the countries have allowed foreign currencies to be used within their jurisdiction on extremely rare occasions (an example is that of Zimbabwe after the Zimbabwe Dollar was withdrawn), but in normal circumstances they will not allow that.