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With the right resources, this region has potential for mass adoption of cryptocurrency. Nestcoin raises $6.45M pre-seed to accelerate crypto and web3 adoption in Africa and frontier markets. To that end, the local knowledge and specialized skills of the MARA team is quite promising.”
But Bitcoiners argue that its value is more clearly visible in developing nations, especially those experiencing hyperinflation or with sizable proportions of underbanked individuals. Bitcoin’s low fees, enabled primarily by the Lightning Network, and early widespread adoption mean the blockchain has become synonymous with payments.
As the United States struggles to get even basic crypto legislation off the starting line, one small nation went all in on blockchain and it's going about as well as you'd expect. That country is ElSalvador, home to the native Pipil people of Cuscatln, ancient mangrove forests, and for four wild years, the crypto industry.
Large entities such as corporations and nation-states have been buying bitcoins en masse, but in recent months, they've been more eager to sell than buy. Some nation-states, such as ElSalvador , have even opted in. government will no longer sell its stash thanks to Trump's Strategic Bitcoin Reserve initiative. . -
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