Post
Topic
Board Bitcoin Discussion
Re: Why local currencies when there is bitcoin ?
by
Darker45
on 18/07/2023, 01:31:31 UTC
I'm actually amazed that there is such a thing as this.

There was a local community here in my country that issued its own currency. It hit the headlines. It was a big deal. Everyone was surprised. Television programs conducted interviews with central bank officials clarifying its legitimacy and even legality.

Little did I know that this isn't actually something weird, at least not in France. But I think this is superfluous.

Finally, maybe it's just a ploy by the French government to authorize useless currencies to prevent people from learning about bitcoin?

I don't think so.

Alongside the euro, dozens of local currencies are in circulation across France. They surged in 2010 following the global financial crisis and can only be used in a limited area like a town or region.

They surged at a time when Bitcoin was barely heard of.