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.
This is where the world is heading - it is up to us that it is as private, secure and cost effective as one friend handing a dollar bill to another friend.
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