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Bitcoin is also immensely useful. I have compiled some real world examples here: https://news.ycombinator.com/item?id=32406095 https://news.ycombinator.com/item
by RestlessMind 3y ago
Bitcoin is also immensely useful. I have compiled some real world examples here: https://news.ycombinator.com/item?id=32406095 https://news.ycombinator.com/item?id=32406095
Also see the latest news: https://www.coindesk.com/consensus-magazine/2023/05/22/why-the-biggest-emerging-markets-are-turning-to-crypto/ https://www.coindesk.com/consensus-magazine/2023/05/22/why-t...
"Yet crypto use in Pakistan is nevertheless active, as people are reportedly converting their salaries into stablecoins to prevent currency erosion. The rupee has dropped more than 20% against the U.S. dollar year-to-date, more than 30% over the past year. Meanwhile, BTC in rupee terms is up 103% so far in 2023 (vs 63% in U.S. dollar terms). It’s probably not a coincidence that a 2022 report from forensics company Chainalysis placed Pakistan 6th in terms of global crypto adoption."