This Country Will Declare A Cryptocurrency As Its Official Currency: Not Bitcoin!

st. Kitts and Nevis Prime Minister Terrance Drew, St. Kitts and Nevis Bitcoin Cash (BCH) announced during its conference that BCH would become the official means of payment in the country by March 2023.

Island Country St. Kitts and Nevis PM Says Bitcoin Cash (BCH) Will Become Official Payment Tool in Country by March 2023

Drew said that the country will also turn to BCH mining and this cryptocurrency He added that he welcomes the dialogue and exploration of “future opportunities” with his unit.

The announcement comes at a time when the trend towards mainstream adoption of cryptocurrencies is increasing, as evidenced by the Central African Republic’s adoption of Bitcoin (BTC) as its official means of payment in April.

Announcement of the country bitcoin sparked controversy over the choice to adopt Bitcoin Cash instead.

Along with this, the video of the country’s prime minister speaking about Bitcoin Cash was also published on Twitter.

El Salvador Starts Adoption of Cryptocurrencies as Official Currency

Nayib Bukele, President of El Salvador, received high praise from the crypto community for making his country the first to accept Bitcoin as a legal tender. But according to the latest poll, a little over a year later, most El Salvadorans see the move as a “failure.”

The survey, conducted by the University of Central America (UCA), revealed that 75.6% of respondents have never used cryptocurrencies this year, and 77% consider crypto use “unsuccessful”.

In early October 2021, El Salvador made Bitcoin the official means of payment alongside the US dollar, allowing the use of cryptocurrencies for everything from buying coffee to buying property to paying taxes.

*Not investment advice.

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