Bitcoin’s volatility is of course also something that needs to be look at closely. Of course you don’t want the poor population to be unnecessarily affect by large price drops. That is why you can already see in El Salvador that extensive use is made of the Bitcoin system, but after the transaction has been perform, everything is immediately convert into fiat money: dollars.

A boost for countries with little economic clout?

The plans of the Sango project in the Central African Republic Owner/Partner/Shareholder Email Lists are comprehensive. More new initiatives will be launch in the near future, from a Bitcoin city and crypto island to crowdfunding infrastructure projects, voting via blockchain and even its own national cryptocurrency, the Sango coin . I think it’s very special to see a country that dangles at the bottom of all world rankings, so fully committ to the use of technology to further develop the country. If the tokenization of the commodities and implementation of Bitcoin as a payment system is successful, it could give a huge boost to the development of the country and set a precedent for other countries in the region.

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