Tonga May Be The Next Nation To Adopt Bitcoin! Madness!

[Dhoe]

hopefully the country of tonga can follow the country of el salvador which has legalized bitcoin, hopefully with more and more countries that legalize bitcoin, bitcoin can be more widely known by its users, and bitcoin can have a positive impact on its users, so that developing countries can follow in the footsteps of countries that have legalize bitcoin. .

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1715614019

[stompix]

This is getting serious, Europe and USA are left behind!  

Yeah right! Left behind where? 

So Salvador has legalized bitcoin, does that makes them somehow ahead of everything? No!
The most important part has to come, the population has to adopt it and use it and get rid of fiat for them to be really ahead of everyone else, and to date, the only way they could do that, is well, by embracing solutions offered by guess who..US based companies!

The only question is how much they want it and how much influence they have on the president - that is, do they know some dirty secret they can blackmail him with.

It's Salvador, there are no politicians there who don't have an entire mansion, not just a closet full of skeletons.
Besides, he was a friend of Trump, mimicking a lot of his decisions so that's enough for the new democrat rule in the US to portray him as the enemy of the human race 

[Similificator]

'adopting bitcoin'
vs
'allowing bitcoin as a remittance vehicle'

are two different things
if its just used for remittance. then most people dont care if its a western union database or bitcoin. all they see is fiat at both ends.

true adoption is the ability to buy produce/pay bills using a different currency

I agree to this. Until the time comes that it is used on a day to day basis to pay for services or buy products from businesses or people, we cannot truly say that this is adoption. But still though, it is also a positive thing since it familiarizes people to bitcoin and to this indistry as a whole so I think it is also safe to say that in a way this is also adoption since it's still getting used outside of this industry? Im not sure. But what I'm really sure of though is that we need anything that would give publicity for bitcoin and this is one of it.

[taufik123]

I agree to this. Until the time comes that it is used on a day to day basis to pay for services or buy products from businesses or people, we cannot truly say that this is adoption. But still though, it is also a positive thing since it familiarizes people to bitcoin and to this indistry as a whole so I think it is also safe to say that in a way this is also adoption since it's still getting used outside of this industry? Im not sure. But what I'm really sure of though is that we need anything that would give publicity for bitcoin and this is one of it.

Publicity for bitcoin is really needed at this time if you just want to introduce bitcoin. Actual adoption may still not be fully implemented. Transactions using Bitcoin and ending with FIAT are very common nowadays. Although not fully adopted, at least Bitcoin has an important role for economic growth today.

The countries of El Salvador, Iran and then Tonga may be aware of the advantages of bitcoin and then legalizing bitcoin is the choice they have to take to advance their country's economy. Developed countries or other developing countries may follow later.
Bitcoin or cryptocurrency is becoming a revolutionary means of payment with technology that will continue to be developed.

[DeathAngel]

We have El Salvador on board but we’re yet to see another nation officially declare bitcoin as legal tender. It’ll come but let’s hold off from celebrating too much right now.

[Bitstar_coin]

This is getting serious, Europe and USA are left behind!  

https://twitter.com/DocumentingBTC/status/1402655617462980613

Moving forward indeed, come rain come shine btc will always emerged as winner, one step at a time, some people will say this are only small countries with economic instability but who knows what will happen in near future, few years back nobody ever thought PayPal and other giant companies will accept but it happens,  same way gradually other bigger countries will start accepting btc and we will get to the promise land 

[7788bitcoin]

Publicity for bitcoin is really needed at this time if you just want to introduce bitcoin. Actual adoption may still not be fully implemented. Transactions using Bitcoin and ending with FIAT are very common nowadays. Although not fully adopted, at least Bitcoin has an important role for economic growth today.

You think that Bitcoin needs publicity, anyone who is aware of the financial market will be aware of the cryptocurrency market and you do not need any further publicity and transaction using bitcoin with fiat is common from the initial days and in this forum itself you will find many deals in the early days.

The countries of El Salvador, Iran and then Tonga may be aware of the advantages of bitcoin and then legalizing bitcoin is the choice they have to take to advance their country's economy. Developed countries or other developing countries may follow later.
Bitcoin or cryptocurrency is becoming a revolutionary means of payment with technology that will continue to be developed.

The advantage some countries like Iran is going to get is they could overcome the restrictions imposed upon them by some countries and they could take advantage of Bitcoin and overcome these restrictions imposed on them.

[Lucius]

Besides, he was a friend of Trump, mimicking a lot of his decisions so that's enough for the new democrat rule in the US to portray him as the enemy of the human race 

I may be wrong, but as someone who looks at it from the other side of the world, it seems to me that all presidents in Central and South America are a bit like Trump. But it must be acknowledged that Bukele has the courage to make this move, especially if it will put him in an even more unfavorable situation when it comes to the new US administration.

On the other hand, perhaps the US has nothing against this experiment - it is still better to learn from the examples of others than to make mistakes that can negatively affect people and the whole economy. By that I mean all the risks that can be associated with Bitcoin, in addition to high volatility, anyone who pays using cryptocurrency should know the basics - otherwise there will be a lot of unpleasant surprises.