• Latest
  • Trending
Tonga MP Drafting a Bill to Make Bitcoin Legal Tender, Blockchain Tech Already in Use

Tonga MP Drafting a Bill to Make Bitcoin Legal Tender, Blockchain Tech Already in Use

October 4, 2021
Next Evolution of Blockchain Software Has Only Just Begun: Bank of America

Next Evolution of Blockchain Software Has Only Just Begun: Bank of America

March 24, 2023
Binance employees allegedly help customers in China bypass KYC controls

Binance employees allegedly help customers in China bypass KYC controls

March 24, 2023
Stay Ahead of the Game with Toshi Tools: The Future of DeFi Trading | by The Capital Platform | The Capital Platform | Mar, 2023

Stay Ahead of the Game with Toshi Tools: The Future of DeFi Trading | by The Capital Platform | The Capital Platform | Mar, 2023

March 24, 2023
XRP Traders Are Closing Their Longs, Here’s What’s Happening

XRP Traders Are Closing Their Longs, Here’s What’s Happening

March 24, 2023
Just Saying No to Digital Dollars Means Cementing the Surveillance Status Quo — CoinDesk

Just Saying No to Digital Dollars Means Cementing the Surveillance Status Quo — CoinDesk

March 24, 2023
Metagame Industries Receives Microsoft for Startups benefits to accelerate the development of its Web3 MetaGame – Abyss World

Metagame Industries Receives Microsoft for Startups benefits to accelerate the development of its Web3 MetaGame – Abyss World

March 24, 2023
Greenpeace war on Bitcoin unintentionally spawns ‘badass’ new mascot

Greenpeace war on Bitcoin unintentionally spawns ‘badass’ new mascot

March 24, 2023
Ripple CTO Challenges SEC to Clear Up Crypto Regulations

Ripple CTO Challenges SEC to Clear Up Crypto Regulations

March 24, 2023
BNB Chain launches phase 2 of its online Bootcamp-Hackathon-Incubator program

BNB Chain launches phase 2 of its online Bootcamp-Hackathon-Incubator program

March 24, 2023
  • Privacy Policy
Friday, March 24, 2023
Mount Rushmore Crypto
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • About Us
  • Crypto Vouchers
  • Cryptocurrency and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction
No Result
View All Result
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • About Us
  • Crypto Vouchers
  • Cryptocurrency and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction
No Result
View All Result
Mount Rushmore Crypto
No Result
View All Result
Home Crypto Technical Analysis

Tonga MP Drafting a Bill to Make Bitcoin Legal Tender, Blockchain Tech Already in Use

J_News by J_News
October 4, 2021
in Crypto Technical Analysis, Top News
0
Tonga MP Drafting a Bill to Make Bitcoin Legal Tender, Blockchain Tech Already in Use
0
SHARES
3
VIEWS
Share on FacebookShare on Twitter


Bitcoin News

Tonga MP Drafting a Bill to Make Bitcoin Legal Tender, Blockchain Tech Already in Use to “Revolutionise Humanitarian Aid”

Tonga, which has a population of 105,700 people, is the latest one that could take the route of cryptocurrency as its MP Lord Fusitu’a drafts a bill to make Bitcoin a legal tender in the Pacific nation, according to a media report.

Last month, El Salvador officially became the world’s first nation to adopt Bitcoin alongside the US dollar. In less than a month, the government’s Bitcoin wallet Chivo has 3,000,000 active users, representing 46% of the country’s population.

Following El Salvador’s footsteps, other LATAM countries like Panama and Paraguay have been working on bills to legalize and adopt Bitcoin and crypto.

Much like El Salvador, remittances account for 40% of Tonga’s national GDP, and according to Lord Fusitu’a, using crypto instead of traditional banks would make them cheaper and faster.

While he supports Bitcoin, Lord Fusitu’a is also concerned about people turning to speculating cryptos. “If you put your life savings into something that’s not on that (regulated) list, that’s gone,” he said.

While crypto is yet to become popular here, blockchain technology has already been used in “humanitarian aid” by the members of Melbourne start-up Sempo and NGO Oxfam, who have been training vendors and villagers about how to use Unblocked Cash, a pilot project funded in part by the Australian government.

This blockchain program has registered 35,000 people in the Pacific region and has given over $2 million to participants.

The Unblocked Cash system relies on traditional cash stored in a private bank account and prohibits the trading of crypto assets.

“I don’t see this as being experimental; I see this as being pioneering,” said Jesse Gartner, Oxfam’s cash transfer coordinator in Vanuatu. “Blockchain is here. It’s not going away.”

Bitcoin/USD BTCUSD

49,296.2697$522.541.06%

  • Volume 32.75 b
  • Change $522.54
  • Open$49,296.2697
  • Circulating 18.83 m
  • Market Cap 928.48 b

AnTy

AnTy has been involved in the crypto space full-time for over two years now. Before her blockchain beginnings, she worked with the NGO, Doctor Without Borders as a fundraiser and since then exploring, reading, and creating for different industry segments.



Source link

Related articles

Next Evolution of Blockchain Software Has Only Just Begun: Bank of America

Next Evolution of Blockchain Software Has Only Just Begun: Bank of America

March 24, 2023
Binance employees allegedly help customers in China bypass KYC controls

Binance employees allegedly help customers in China bypass KYC controls

March 24, 2023
ShareTweetShareShare
Previous Post

Bitcoin S2F Creator PlanB Thinks BTC Will Reach $135k By December

Next Post

US regulator puts approval of Bitcoin ETFs on ice

Related Posts

Next Evolution of Blockchain Software Has Only Just Begun: Bank of America

Next Evolution of Blockchain Software Has Only Just Begun: Bank of America

by J_News
March 24, 2023
0

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.The...

Binance employees allegedly help customers in China bypass KYC controls

Binance employees allegedly help customers in China bypass KYC controls

by J_News
March 24, 2023
0

Binance, the world’s largest cryptocurrency exchange, has made significant efforts to be a leader in transparency in the industry since...

Stay Ahead of the Game with Toshi Tools: The Future of DeFi Trading | by The Capital Platform | The Capital Platform | Mar, 2023

Stay Ahead of the Game with Toshi Tools: The Future of DeFi Trading | by The Capital Platform | The Capital Platform | Mar, 2023

by J_News
March 24, 2023
0

Toshi Tools is ready to provide the crypto industry with a comprehensive tool to help anyone make informed investment decisions....

XRP Traders Are Closing Their Longs, Here’s What’s Happening

XRP Traders Are Closing Their Longs, Here’s What’s Happening

by J_News
March 24, 2023
0

Arman Shirinyan XRP investors could not capitalize enough on gains cryptocurrency has shown in past The cryptocurrency XRP experienced a significant...

Just Saying No to Digital Dollars Means Cementing the Surveillance Status Quo — CoinDesk

Just Saying No to Digital Dollars Means Cementing the Surveillance Status Quo — CoinDesk

by J_News
March 24, 2023
0

Whether the U.S. participates or not, the rest of the world is exploring and deploying CBDCs. According to the Atlantic...

Load More

Enter your email address:

Delivered by FeedBurner

Quick Navigate

  • Home
  • Crypto
  • Crypto Technical Analysis
  • Top News
  • Thank You
  • Store
  • Crypto Vouchers
  • About Us
  • What Cryptocurrency Is and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction

Top News

The 7 Best New ICOs To Buy in 2023

New York Attorney General sues CoinEx over failure to register

The Economic Crisis of 2023. The Cause and the Effects | by Opal A Roszell | The Capital | Nov, 2021

© 2021 mtrushmorecrypto - Crypto Related News Blog

No Result
View All Result
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • About Us
  • Crypto Vouchers
  • Cryptocurrency and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction

© 2021 mtrushmorecrypto - Crypto Related News Blog

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie SettingsAccept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT