Bitcoin as a Legal Tender

[glitch]

I know the governments and banks will not make it easy. I think countries that have seen their economy fall apart should adopt it. Places like Sir Lanka and Cuba but again, the governments will always try to prevent this to protect the banks.

 

[Honny143]

Yes bitcoin not fits for legal tender because of his price volatility nature, bitcoin best for investment purposes, but in crypto market so many other coins like dai usdt usdu busd, these coins price equal at dollar.these coins best for pay regular bills, if any country legally accept crypto currency,then these coins best alternative for fait currency.

 

[Nat]

Currently it is . Even some buy Tesla products through bitcoin. Some restaurant receive bitcoin. It is becoming acceptance on some countries. Good news for us . Legal tender will make it more popular

 

[tyrim88]

Bitcoin is really a good thing to invest to but I really don't see it becoming a legal tender all over the world and time soon. Some government won't even accept it because they can think it can be used to fund terrorism

That is true,with cryptocurrency you can achieve a lot,and use it to bypass lots of process and bottle neck in the financial sector,but it could serve as a means to fund terrorism.

 

[Agbalagbaa]

Any country that wants to make bitcoin a legal tender should make the teaching and learning of how to operate the blockchain compulsory. it requires a lot of technical know-how because it is very volatile.

That's true, having the knowledge will very much help, but a lot of people this days just go ahead and invest their money without having the proper knowledge.

 

[Smiles20]

We have seen that some countries have actually invested in it but then you have to understand that it is not just going to be them as a lot of countries are even evaluating joining.

 

[Chibson]

That's true, having the knowledge will very much help, but a lot of people this days just go ahead and invest their money without having the proper knowledge.

people who always takes a decision end up losing their money. It is always a very important and necessary you make proper research before you put your money in anything whether it is cryptocurrency or any kind of online business.

 

[Agbalagbaa]

people who always takes a decision end up losing their money. It is always a very important and necessary you make proper research before you put your money in anything whether it is cryptocurrency or any kind of online business.

If you don't know how to take the right decision is trading you'll lose a lot of money, most people nowadays don't really care about the knowledge the go ahead and invest their money, they ended up losing it.