Haider Jamal

Jan 14, 2022

Tonga Looks To Follow El Salvadors Lead, Stepping To Make Bitcoin Legal Tender

According to a former MP, Tonga is getting set to imitate El Salvadors decision of making Bitcoin (BTC) legal tender and therefore officially become the next country to formally adopt the biggest cryptocurrency by market capitalization.

Tongan Prime Minister Lord Fusitua predicts that his nation will most likely accept Bitcoin latest by November or December in a judgement that is nearly identical to the one made by El Salvador last year.

The former local member of parliament provided an ETA for the flagship cryptocurrency possibly becoming legal tender within Tonga via a series of tweets that have since gone viral. Following in the footsteps of El Salvador, the action has the potential to bring over 100,000 Tongans onto the Bitcoin network and thus promote mainstream adoption and provide important use-cases.

There will hence be a 5-point plan to be followed.

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