That is what is happening in Africa and why the IMF is scrambling to ram this through so they can compete for leverage or political influence in the region. IMF will lose its ability to flex its muscle on countries in the region as bitcoin becomes more widespread.
For us in the West we are not as sensitive as to why bitcoin and other crypto are game changers for other countries. This is because our financial system sort of works or is functional enough that it doesn't completely impact or daily lives so far. But for other countries which have weaker currencies they see a net positive from using bitcoin as an example.
Bitcoin fixes this.
That is what is happening in Africa and why the IMF is scrambling to ram this through so they can compete for leverage or political influence in the region. IMF will lose its ability to flex its muscle on countries in the region as bitcoin becomes more widespread.
For us in the West we are not as sensitive as to why bitcoin and other crypto are game changers for other countries. This is because our financial system sort of works or is functional enough that it doesn't completely impact or daily lives so far. But for other countries which have weaker currencies they see a net positive from using bitcoin as an example.