Bitcoinization: JPMorgan Notes ‘Similarly Situated’ Countries Could Make Bitcoin Legal Tender Like El Salvador

Bitcoinization: JPMorgan Notes ‘Similarly Situated’ Countries Could Make Bitcoin Legal Tender Like El Salvador

“JPMorgan struggles to “see any tangible economic benefits associated with adopting bitcoin as a second form of legal tender.” Commenting on El Salvador’s bitcoinization, JPMorgan did not rule out that the country’s move to make the cryptocurrency legal tender may be “the beginning of a broader trend among similarly situated, smaller nations.” JPMorgan’s Opinion on”

Source: Bitcoin News

This can pave way for XRP’s comeback above $1, perhaps to $1.29

“September has not been kind to XRP. Pressurized by multiple mini-crashes during the month, XRP’s 30-day ROI slipped to over 12%. With little interest from retail traders, XRP was unable to keep up pace with some of its other counterparts. However, a falling wedge pattern hoped to inject some signs

A third of Salvadorans ‘actively’ using Chivo wallet, President Bukele claims

“On Sept. 6, El Salvador became the first country to adopt BTC as legal tender, attracting both praise and criticism from the global community. Salvadoran President Nayib Bukele claims that 2.1 million of his fellow citizens are using the government-backed Chivo cryptocurrency wallet, offering a glimpse into the apparent success