On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals Ink Long-Term Deal With Terra Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra, according to an announcement published by the team on Wednesday. The deal with Terra follows a slew of sports-related deals with crypto firms, but the MLB team will be the first to partner with an open-source blockchain project. In addition to the partnership, the algorithmic stablecoin UST that’s issued on the Terra blockchain will be “accepted as a payment method at Nationals Park as early as next season.” “The Nationals continue t...
The CEO of financial advisory and asset management firm Devere Group has predicted that three countries will adopt bitcoin as legal tender this year. He is more bullish than El Salvador’s president who predicted that two countries will make bitcoin their national currency.
3 Countries Will Adopt Bitcoin as Legal Tender in 2022, Devere’s CEO Predicts
The CEO of Devere Group, an independent financial advisory and asset management firm, predicted earlier this week that three more countries will adopt bitcoin as legal tender in 2022.
His prediction is more bullish than the one made by El Salvador’s president one day prior. The Salvadoran president, Nayib Bukele, predicted that two more countries will adopt BTC as legal tender this year.
“I’m confident that the young, maverick President, Nayib Bukele, is correct about other countries adopting Bitcoin as legal tender in 2022,” Green said, emphasizing:
But I would go further still. I believe possibly three more nations will follow El Salvador’s pioneering, future-focused lead into the digital age.
“This is because low-income countries have long suffered because their currencies are weak and extremely vulnerable to market changes and that triggers rampant inflation,” he opined.
The Devere CEO added: “By adopting cryptocurrency as legal tender these countries then immediately have a currency that isn’t influenced by market conditions within their own economy, nor directly from just one other country’s economy.”
Green further noted that cryptocurrencies could help “bolster financial inclusion for individuals and businesses” in developing countries. The Devere boss concluded:
Due to their similar reliance on remittances, amongst other factors, other countries, including Panama, Guatemala and Honduras, could also adopt bitcoin.
How many countries do you think will adopt bitcoin as legal tender this year? Let us know in the comments section below.
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