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> It certainly will be competition for central banks, especially in countries where the monetary policy is kinda wacky, like Venezuela, where bitcoin is breakin
by kenny87 7y ago
> It certainly will be competition for central banks, especially in countries where the monetary policy is kinda wacky, like Venezuela, where bitcoin is breaking usage records.
Zimbabwe also: https://qz.com/africa/1662753/bitcoin-crypto-soar-in-zimbabwe-again-after-us-dollar-ban/ https://qz.com/africa/1662753/bitcoin-crypto-soar-in-zimbabw...
There's really quite an opportunity here for Bitcoin to help people in these countries leap their financial markets forward a few stages in development: https://www.ifc.org/wps/wcm/connect/f12930a4-a78b-43c0-9fe1-35018cdd9fb5/EMCompass+Note+44.pdf?MOD=AJPERES&CVID=m4Qcm5N https://www.ifc.org/wps/wcm/connect/f12930a4-a78b-43c0-9fe1-...