BITCOIN

Five countries have legal tender for bitcoin by 2022

  • “My prediction is that by the end of next year, we will have at least five countries that will accept Bitcoin as a legal tender. They will all be developing countries,” wrote the CEO of Bitmax.
  • High inflation rates, hefty remittance fees and political incentives could encourage developing countries to follow El Salvador’s move and accept the BTC as a legal tender next year.
  • According to Alexander Haptner, mainstream media criticism of the Bitcoin law in the Central American country is unfair.

El Salvador’s recent move has sparked some worldwide criticism for legalizing Bitcoin as well as the dollar, but mainly in mainstream media, such as Financial times And The Wall Street Journal, And well-known financial institutions, including the International Monetary Fund (IMF) and the World Bank.

Alexander Haptner, CEO of the Bitcoin exchange Bitmax, explained in a blog post in October that there was an immediate response to the Bitcoin law in Central American countries, reflecting the views of those who benefit from the status quo.



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