Quote from: Dickiy on Today at 12:28:53 PM

Quote from: KupaCrypto on January 07, 2024, 10:01:25 PM

Since it has to do with the government another agency can be set up in the country in respect to paying salaries as Bitcoin which will somehow help in the growth of the economy of the country.

What African governments need to consider is their economic and monetary policies, because adopting Bitcoin as a payment option means impacting changes on policy and also on traditional finance itself. It all depends on how stable the currency is as well as public support for the Bitcoin payment option, whether they know each disbursement process. Nigeria itself has been around for quite a long time and could be said to be Bitcoin friendly and even then it depends on the region whether it is really used to the digital payment system. Because what often becomes an obstacle for the government is access plus establishing regulations. To achieve payments using Bitcoin, the most important fundamental thing is that lower middle class people receive education and training on how to use Bitcoin well and understand the volatility of the Bitcoin market, especially workers and entrepreneurs who will receive these payments..

Africa's economic and monetary policies, including Bitcoin adoption, are at a crossroads. Beyond being Bitcoin-friendly, you must comprehend digital currency's dynamics in a typical financial setting. Nigeria may lead, but what about other regions? It's not uniform. Regions, difficulties vary. Let's not even mention Bitcoin's volatility - a fantastic rollercoaster for the brave

Lower middle-class education and training? An absolute must. We're not simply educating people how to use Bitcoin; we're also discussing its effects on their daily life. And the government? Their job is vital in fostering innovation and public safety through regulation. They should take on the issue of balance. Bitcoin adoption is a step toward economic empowerment and inclusivity, not merely a financial decision. Progress is about that, right?