Claim BonusThis Country To Join El Salvador In Making Bitcoin Legal Tender: Samson Mow
Crypto Market News: Samson Mow, a popular figure in the crypto ecosystem and the CEO of JAN3, a company that works towards hyperbitcoinization efforts, is very bullish on El Salvador’s position in pushing forward the Bitcoin narrative. He stressed on the need for further educating people about what the crypto market is all about. Mow said a lot of people in the financial world are looking at how El Salvador is developing the Bitcoin ecosystem. His comments come at a time when several crypto exchanges, including United States based Coinbase, are looking to expand their wings in Asia and elsewhere.
Also Read: Binance Withdraws License From Another European Country, Focus In UAE
El Salvador Is The Bitcoin Beacon
The Jan 3 CEO explained how El Salvador is critical for global nation-state Bitcoin adoption, in that the country’s moves could have ripple effects in other economies and eventually pave way for political action. He added that the crypto market needs more countries adopt Bitcoin. The country’s action to make Bitcoin legal tender brought in a small foothold but the crypto ecosystem more of it, he said, adding that there is a need to fight the Central Bank Digital Currency (CBDC) narrative with Bitcoin.
“Success in El Salvador is good for Bitcoin. The country is a beacon that we can point to and we can look at other things we can do in other countries with Bitcoin as legal tender now.”
Mow explained that the Central American country is very important for crypto market in the grand scheme of things. He said another country in the region, Guatemala could adopt Bitcoin in not time as the local laws allow the use of foreign currencies.
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Bitcoin Reclaims $70K as Experts Signal a BTC Bottom
- 3 Reasons Why the XRP Price Is Up 20% Today
- China Tightens Stablecoin Rules as Bessent Urges Congress to Pass CLARITY Act to Keep Crypto Lead
- Bitget Launches ‘Fan Club’ Initiative In Bid To Strengthen Community Amid Crypto Crash
- BlackRock Signals More Selling as $291M in BTC, ETH Hit Coinbase Amid $2.5B Crypto Options Expiry
- Bitcoin Price Prediction as Funding Rate Tumbles Ahead of $2.1B Options Expiry
- Ethereum Price Outlook as Vitalik Buterin Sells $14 Million Worth of ETH: What’s Next for Ether?
- Solana Price at Risk of Crashing Below $50 as Crypto Fear and Greed Index Plunges to 5
- Pi Network Price Prediction Ahead of PI KYC Validator Reward System Launch
- XRP Price Outlook As Peter Brandt Predicts BTC Price Might Crash to $42k
- Will Cardano Price Rise After CME ADA Futures Launch on Feb 9?
