Bitcoin has the potential to reshape global payments by offering faster, borderless transactions with lower fees compared to traditional banking systems. As more businesses and countries like El Salvador adopt Bitcoin, its role in international payments could grow. However, challenges such as regulatory uncertainty, volatility, and scalability need to be addressed. While it's not yet ready to fully replace traditional currencies, Bitcoin could become a viable option for cross-border payments and financial inclusion in the future.
What are your thoughts? comment below!!!
You are very wrong in your conception, Bitcoin is never a fight against fiat or any local currency and that was and will never the motive of Satoshi Nakamoto, we need both our local currency and Bitcoin for different unique functionalities, Bitcoin is meant to provide certain level financial freedom which our local currency can not, Bitcoin offers includes preserving privacy and creating investment opportunities, offering protection against inflation, borederles transactions, even though most of the government are fighting against this financial freedom, I don't think Bitcoin will ever replace traditional currency completely but rather they will work side by side.