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Author Topic: Zimbabwe minister urges citizens to embrace Bitcoin  (Read 422 times)
budlo
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October 06, 2021, 06:56:13 PM
 #81

Zimbabwe is another country that is trying to interact with bitcoin and this is very good for all market participants.
In El Salvador bitcoin shows a good result of interaction with the population and i hope other countries will also begin to accept this experience for themselves.
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October 06, 2021, 09:31:24 PM
 #82

Zimbabwe is another country that is trying to interact with bitcoin and this is very good for all market participants.
In El Salvador bitcoin shows a good result of interaction with the population and i hope other countries will also begin to accept this experience for themselves.
We might see more of this kind of adoption going forward, it's nice that El Salvador started it and the next countries that would follow are those countries that are struggling or a 3rd world country. As El Salvador has become their model, they will see the result if it's positive then they will adopt as well.

If the government wants to help their people, they should make something that has not been done before, who knows it would change their economy for the better and that is legalizing bitcoin in their country.
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October 06, 2021, 09:56:11 PM
 #83

Zimbabwe makes Bitcoin their official currency, while their economy is also very weak, I think Zimbabwe will have a little difficulty in the implementation process. Because Zimbabwe their budget is only 21 billion but now because they owed up to 11 billion very difficult numbers for Vietnam to develop BTC. but it seems that this will help them somewhat improve as El Salvador recently they officially accepted BTC as a payment method and things seem to improve a little bit before, hopefully those This change will help Zimbabwe to recover and thrive in the cryptocurrency industry.

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October 06, 2021, 10:00:01 PM
 #84

Zimbabwe is another country that is trying to interact with bitcoin and this is very good for all market participants.
In El Salvador bitcoin shows a good result of interaction with the population and i hope other countries will also begin to accept this experience for themselves.
One of the results on what El Salvador did. It did really open the eyes of other countries to accept bitcoin or crypto despite of being decentralized and now they are slowly recognizing it and Its good that

Zimbabwe minister did really have those kind of considerations and hopefully we would see the same things in the future as well even though not as a whole because there would be governments
who would look negatively most of the time.

It would take some time but we are actually heading there.

R


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samcrypto
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October 06, 2021, 10:04:16 PM
 #85

Zimbabwe is another country that is trying to interact with bitcoin and this is very good for all market participants.
In El Salvador bitcoin shows a good result of interaction with the population and i hope other countries will also begin to accept this experience for themselves.
One of the results on what El Salvador did.
Many developing countries will do the same thing because there's a lot of opportunities in Bitcoin and they can really become more profitable if they adopt Bitcoin.
Though, in El Salvador people are still hesitant to spend it, that's why their government creates many incentives to encourage their people to spend it than to save it. The increase on price with Bitcoin right now can encourage more to adopt because its not too late for them to do so.

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October 07, 2021, 03:01:54 AM
 #86

It is something positive that we can imagine for Bitcoin and cryptocurrency in general but I want the full context of as to why the minister said that. He is not the congress or the president. He is a minister that has limited political clout and influence and even if he mentioned a positive thing for crypto, we do not have any assurance that their country will adopt the cryptocurrency anytime soon. They do have economic issues right now and that would be a trigger for a friendly tango with crypto by their government.

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