Post
Topic
Board Bitcoin Discussion
Re: El Salvador has become the first country to make #Bitcoin legal tender! 🇸🇻
by
trendcoin
on 19/09/2022, 21:25:55 UTC
Bitcoin and cryptocurrencies are an excellent choice for countries that are constantly experiencing macroeconomic problems and facing the reality of inflation. In this respect, the African continent is also a very suitable location for this new technology. Also, access to financial services in Africa is quite limited (just like in El Salvador), but we have yet to read any remarkable news about the mass adoption of cryptocurrencies in Africa.

I think, issues such as volatility, legal regulation and financial literacy may be an obstacle for the masses to prefer Bitcoin for now, but I am sure that the countries that take these courageous steps will one day be remembered with respect.