Quote from: Fiatless on Today at 12:46:27 PM

Quote from: jenny56 on March 24, 2023, 03:23:43 PM

Vietnam has the highest level of cryptocurrency adoption, with China and Nigeria engaging in cryptocurrency-based trade due to foreign exchange policies.
In Venezuela and Brazil, legacy financial systems' costs and bureaucracy drive people to experiment with and switch between different cryptocurrencies.

The scarcity of dollars and restrictions placed on the withdrawal of the local currency is forcing businesses to seek alternatives in some African countries. Accessing foreign currencies mostly the dollar from the central bank could take up to six months due to bureaucratic processes making businesses lose viable opportunities. Inflation has led many people to seek other avenues to keep their savings against the incessant devaluation of the local currency. No matter how hard the government tries to dissuade its citizens from dealing with Bitcoin, the currency is getting more popular because it is far better than fiat.

This is why bitcoin is such a great help, because you could turn your fiat to crypto and then you could turn that crypto into dollar very quickly. This requires only 2 things, a local exchange that allows you to buy and sell bitcoin using local currency, and being able to understand how crypto and stablecoins work.

If you could do that then you are going to be holding dollars without waiting at all. People in the west living in a world that doesn't have these troubles do not understand the value of it, but that is the value of bitcoin and crypto gives to people and should be put on a higher level of respect. No other currency can do that and should be loved so much because it gives us the freedom that we require and need instead of governments trying to block us.