- Dan Tapiero, Co-founder of Gold Bullion International, recently emphasized the significance of Bitcoin in the ever-changing economical market.
- In addition to that, Mr Tapiero claimed that a place that lacks advanced banking or financial facilities can easily and conveniently opt to choose Bitcoin
- Based on statistical reports, the adoption of cryptocurrencies like BTC in emerging economies is confronting a positive phase.
Global macro investor, Dan Tapiero, Co-founder of Gold Bullion International, recently emphasized the significance of Bitcoin in the ever-changing economical market. According to the investor, the developing world use-case can easily be forgotten. He further stated that the cryptocurrency has the potential to provide savings and remittance tools to the needy countries. Countries that have historically lagged behind in terms of financial aid.
#bitcoin as emerging market play.
Easy to forget power of use case in developing world.
Places without developed banking/financial architecture can opt in to btc use quickly.
Great Savings apparatus for people without access to banks.
Africa to adopt before US and Europe? pic.twitter.com/zK4VRw4olg
— Dan Tapiero (@DTAPCAP) May 6, 2020
A viable option for the under-developed
In addition to that, Mr.Tapiero claims that a place that lacks advanced banking or financial facilities can conveniently opt for Bitcoin. And the reason is that they can facilitate the transactions of individuals residing in such places. Meanwhile, according to the investor, cryptocurrency is a great savings apparatus for people without access to basic banking facilities.
Furthermore, the investor thinks this may tend to places like Africa to adopt BTC prior to developed countries like the US and Europe. The claims made in Twitter was justified with an Eight-Digit mind-blowing statistics for local LocalBitcoins and Paxful. Paxful is a BTC remittance service that is convenient for African countries.
A chorus for the views
Just talked about this with @scottmelker – really, really important
— Nathaniel Whittemore (@nlw) May 6, 2020
Besides that, the views of the investor were supported and accompanied by prominent BTC advocate and educator Nathaniel Whittemore. He admitted the gravity of such a case. Also, his views on the topic were discussed detailedly in a recent interview with seasoned trader Scott Melker.