Why Mexico choose to adopt bitcoin as legal tender

Flow-er

Active member
The number of countries that have the plans to adopt bitcoin as legal tender is on the increase everyday. I have seen many instructional whales accepting bitcoin as a form of making payments. Most of the countries in the world are taking cryptocurrency to the next level because , they are not looking at the regulations , they are bent on accepting bitcoin as a legal tender and that's absolutely the best way to go.

Some countries do not take cryptocurrency regulations as option, rather, they prefer to use it as a legal tender. This means it will be totally absorbed into the financial system of the country . Most of these countries planned to adopt the exact strategy that was used by El Salvador in its Bitcoin adoption process. These countries chose El Salvador because it recorded an outstanding success in the adoption process

In the same vein, Mexico is planning to join El Salvador in the adoption of bitcoin. A senator of Nuevo León state, indira Kempis explained that bitcoin would bring financial inclusion to the country and it will also push the economy of the country considerably. The senator exercise confidence on bitcoin and it was made known that bitcoin is a useful tool for the economy of Mexico.

There is no doubt that the bitcoin adoption would generate crisis, it is the duty of the government to stood its ground on its adoption process. Critics would come to destabilise the process, but the government should not be wavered like the El Salvador government
 
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