Even though few countries are trying to use Bitcoin as a legal tender, I do not think majority of governments around the word will be using Bitcoin as the payment form. But I am sure it will be popular payment form in the private sector.
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I think you are very correct about that,because no government would want to relinquish its responsibility of control and regulation of the fiancial sector into the hands of its citizen,the money in circulation would just be in the hands of individuals.The cryptocurrency market has obviously been generating some momentum but I doubt the government will adopt it because most of them are decentralized and powered by the users with no obvious central authority. I feel the decentralized nature is the major reason no government will accept it.
I completely agree with you. Our country does not develop such standards of digital money. But if they do that it would be better. I also hope so.I don't think this kind of implementation will work in my country for now. Not I my country, because we've not developed up to such standard to use digital currency to pay for bills in the university environment. But I pray for that to happen, because I cherish the idea.
Gradually our country is moving up around cryptocurrency. You can see that with the creation of the digital naira, which is the eNaira that is integrated recently.I completely agree with you. Our country does not develop such standards of digital money. But if they do that it would be better. I also hope so.
That's very true. We are gradually developing with new things not even enaira but with so many things. And I believe we will soar higher like the eagles.Gradually our country is moving up around cryptocurrency. You can see that with the creation of the digital naira, which is the eNaira that is integrated recently.
I see no reason for most government to resort to the use of cryptocurency as a means of confirming payment and doing trade and e-transaction.This is because there are no central administrator that will be having control over the monetry issue.The cryptocurrency market has obviously been generating some momentum but I doubt the government will adopt it because most of them are decentralized and powered by the users with no obvious central authority. I feel the decentralized nature is the major reason no government will accept it.