Nigerians are starting to view cryptocurrencies as a more effective way to maintain the value of their money. This is because constant inflation has caused the value of the naira…
Tag: bitcoin
El Salvador is the first country to recognize Bitcoin as legal tender
A majority of El Salvador’s lawmakers have approved a bill to officially accept Bitcoin as legal tender. President Nayib Bukele has backed the use of Bitcoin, explaining it will help Salvadorans send remittances home. The US dollar will continue to be legal tender in the South American country.
Bitcoin trading in emerging markets: going “crypto native”
In one of my previous posts, I mentioned that emerging markets are more “bitcoin or crypto native“. And according to LocalBitcoins, 2018 was a great year for bitcoin trading especially…
Banking the unbanked in emerging markets
As countries progress, citizens migrate from remote villages to large cities and foreign countries. Their economic power rises and they participate in the global economy. People need to purchase food,…
Emerging Markets are much more Bitcoin native
The buzz around Bitcoin has been huge. It seems everybody is talking about it, but its uses have been restricted to a niche type of people and business. If you…
Why Bitcoin is a good idea for Brazil
I think it all has become a chicken-or-egg situation: would an appropriate regulation help to spread the use of bitcoin? or not enough people use bitcoin because the lack of regulation?
