The adoption of Bitcoin by El Salvador has opened the door for more adoptions very soon. However, the first country to achieve it didn’t find it easy. There were lots of doubts and criticisms targeting El Salvadorian President Nayib Bukele. Some people stated that he influenced the legislature to approve the move. Other critical financial analysts even predicted a negative influence on the country’s economic situation following his actions. The country has completed the move and is now using Bitcoin for financial transactions. Also, the President keeps accumulating BTC whenever there is a dip in price. Related Reading | AMC Theatres Says Customers Will Soon Be Able To Pay With Shiba Inu The second country that might take such a bold move in Zimbabwe. They are researching the growth and risks associated with cryptocurrency as an asset. Will Zimbabwe Become The Next El Salvador? For now, the country is looking into the demand rate amongst the citizens. Also, they support the regulations that financial watchdogs have been insisting on for some time now. Moreover, Zimbabwe sees crypto as a way to develop the country more. Related Reading | Shiba Inu Beats Out Cardano, Dogecoin On Top 10 Watch-Listed Tokens Now that many citizens are demanding crypto, the government is considering the option seriously. They disclosed this information through one of their local news outlets. The news also disclosed that the cou...
