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Coinbase CEO urges Bitcoin legal tender for Brazil, Argentina — Reaction (cointelegraph.com)

submitted 2 years ago by admin@exploding-heads.com to c/brasil@lemmy.pt

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cross-posted from: https://exploding-heads.com/post/77252

Armstrong’s suggestion may be based on El Salvador, another Latin American country, recognizing BTC as a legal tender back in 2021. The move brought various benefits to the country, such as a surge in tourism in 2022, with 1.1 million people visiting the country. In addition, El Salvador was able to build schools and a veterinary hospital using profits from its Bitcoin purchases.

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[–] CanadaPlus@lemmy.sdf.org 1 points 1 year ago (1 children)

Why not one of the actually good cryptos? Ripple, for example, would be much faster and lighter. I don't follow Eth closely but it's also at least actively developed.

[–] admin@exploding-heads.com 1 points 1 year ago

Because others have already adopted Bitcoin, they probably think it is an easier sell