More and more countries around the world are adopting and tapping into the advantages of blockchain-based currencies, with Jamaica launching its first digital currency issued to bank customers on personal or business account pegged to the Jamaican dollars on a 1:1 exchange ratio, this development is the latest among others with Venezuela aiming to lunch it owns BCDC in October 2021.
There is a bright future for the cryptocurrency market with more development of stable coins it will allow for more transparency and government adoption of the blockchain technology, which will eventually result in mainstream adoption of cryptocurrencies.
What is your expectation for the future?
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https://dogecoinnewshub.com/crypto/the-bank-of-jamaica-coins-the-first-batch-of-national-virtual-currency/?utm_source=dlvr.it&utm_medium=facebookBack in the days, who would have thought that Bitcoin will become so valuable today, who would have even thought that the crypto space will grow to such an extent and who would have thought that, countries will slowing be adopting or accepting cryptocurrencies; all these points to an ever growing ecosystem ready for what the future offers.
Also, the positive progress associated with all these adoption is that, cryptocurrencies is gradually reaching the masses, although it will take more time, but at least a good step has been taken already.
Lastly, although no country will surrender their fiat power to cryptocurrencies, but as time goes on, they will come to accept cryptocurrencies while allowing it co-exist with their fiat monetary systems and policies.