Zimbabwe minister urges citizens to embrace Bitcoin - page 5.

masulum

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hmph..

Quote from: gabbie2010 on September 16, 2021, 07:33:33 AM

-snip- they should follow El Salvador adoption of Bitcoin to help their citizens especially low income earners, thus it is up to their government to take a drastic step now.

If Zimbabwe makes Bitcoin their official currency, while their economy is also very weak, I think Zimbabwe will have a bit of difficulty in the implementation process. Zimbabwe GDP 2019 based on world bank data USD21 bil, while their debt is around USD11 bil (2021), would it be the right decision to do the same with El Salvador by giving away BTC for free using the money of a country that I think they need more for protect their country?

SlimShadyMmp

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Shouldn't be a surprise to anybody after the elsavador take on bitcoin It will likely begin to take effect on much more countries looking to sway away from the old economic system so that they can take advantage of the situation but still is kinda good new to crytpoland. I just hope those countries knows what they are doing

swogerino

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Quote from: DeathAngel on September 16, 2021, 05:21:56 AM

Many countries struggle with poverty, a quickly devaluing national currency & crime. Bitcoin will save them & make them prosperous, thriving countries. So many of the bad things in the world will be saved by adopting bitcoin. Bitcoin = No War.

I agree and I find it really bad that developed countries speak with so passion against Bitcoin trying to do everything in their power to keep their citizens away from it by making up all sort of stories.Zimbabwe reminds me of Venezuela a couple of years ago when people started to mine as the devaluation of the Venezuelan pezos hit the sky.This minister is trying to impact his citizens to do the same as many did in Venezuela some years ago.All the countries where devaluation of national currency against currencies like EUR or USD should immediately embrace Bitcoin.

gabbie2010

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Quote from: rosenbauer02 on September 16, 2021, 05:18:59 AM

Aren't gonna say your opinion?. I haven't read the article but I think they would also like to embrace bitcoin just like in El Salvador where bitcoin is now a legal tender and people and businesses can now accept bitcoin as one of their payment method. Embracing bitcoin could also help their country in my opinion.

The minister is imploring Zimbabwean to embrace Bitcoin especially when remitting funds from abroad because of low cost and swiftness of transaction which I believe is a good advice, already there is hyper inflation in Zimbabwe thus there is the need for the citizens to adopt Bitcoin to cushion the effect of using worthless Zimbabwean dollar or they should follow El Salvador adoption of Bitcoin to help their citizens especially low income earners, thus it is up to their government to take a drastic step now.

DeathAngel

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Many countries struggle with poverty, a quickly devaluing national currency & crime. Bitcoin will save them & make them prosperous, thriving countries. So many of the bad things in the world will be saved by adopting bitcoin. Bitcoin = No War.

rosenbauer02

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Aren't gonna say your opinion?. I haven't read the article but I think they would also like to embrace bitcoin just like in El Salvador where bitcoin is now a legal tender and people and businesses can now accept bitcoin as one of their payment method. Embracing bitcoin could also help their country in my opinion.

Gases

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Zimbabwe minister urges citizens to embrace Bitcoin.https://www.investing.com/news/cryptocurrency-news/zimbabwe-minister-urges-citizens-to-embrace-bitcoin-2614946.

Topic: Zimbabwe minister urges citizens to embrace Bitcoin - page 5. (Read 416 times)