Can Cryptocurrency Be Your National Currency? Despite the growing emergence of blockchain in finance, cryptocurrency has always been seen as an alternative form of money compared to standard cash. For it to become the national currency of a country, cryptocurrency and several factors related to the entity will need to undergo a few changes.
In 2021, El Salvador became the world’s first country to adopt bitcoin as one of its official currencies. The adoption, the government of El Salvador explained, was finalized to have…