we know to be the first country in the world to officially accept Bitcoin as legal tender. This was followed by the President of El Salvador, Nayib Bukele, who announced that the government would start buying 1 BTC per day on November 16 2022, but can other small countries follow in El Salvador's footsteps and what are the country's challenges in this regard? This might be a very interesting discussion to see that so many people from small countries are interested in cryptocurrency, more specifically Bitcoin
All countries could follow and implement. Itcoun or adopt bitcoin to their transactions but the thing is how can they manage bitcoin tramsaction, how can they handle its complexity and fit it into multiple scenarios, its eqsy for a country to adopt one thing but the major problem is how will they handle the short commings and the order of that thing, for example in bitcoin if government started to accept bitcoin or any crypto currency payment, how will they handle the main problem which is the transaction fee which is we all know can be too high sometimes, and also the congested network sometimes, so what I mean is any country could adopt and fully implement bitcoin or crypto currency payment but it depends on how will they handle everything, will it be good for their country or not? It depends on the official and the government itself and the prople that will adopt the changes.