Post
Topic
Board Bitcoin Discussion
Re: Can small countries in accepting bitcoin as legal transaction?
by
Ale88
on 04/06/2024, 22:02:10 UTC
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
I think that many other small countries sooner or later will follow El Salvador, especially those that have a currency that keeps losing value because of the inflation. Or even countries that want to start a de-dollarization process unless they want to use euro o yuan but it wouldn't make a lot of sense at that point.