Dan Tapiero Emphasizes Bitcoin’s Significance On A Global Strata

5d946d8cbd798-bpfull
Umme Haani
Umme Haani is a writer for Thecoinrepublic. she contributes a researched piece on cryptocurrencies and updates. Umme is an aspiring engineer who immensely enjoys writing and technical writing brings the best of both worlds under one roof for her.
  • 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. 

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

Advertisement


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.

Hot News

Bitcoin Supply Cut Due To Lost Keys And Burning

Bitcoin Halving is basically a mechanism to control its supply and supply of the same is set at 21 million coins. The 21...

Mathew McDermott to Serve As Goldman Sachs’ New Head Of Digital Assets

The leading investment banking firm, Goldman Sachs Group Inc. has promoted Mathew McDermott to become the head of the digital asset markets. McDermott...

Interview with Mikk Maal, the founder of Comistar

Hey Mikk Maal, thanks for taking the time to join me in this interview to educate our community on Comistar. Can you give us...

LISK [LSK] Anticipates Price Rise as Ascending Triangle Asserts Supremacy

The price volatility is re-entering in the cryptocurrency market in the past few weeks. Lisk is one such Low cap altcoin presently ranked...

Forbes Reveals List of Bitcoin Institutional Investors

Forbes released a list of 20 institutional Bitcoin Investors who already filed paperwork with the U.S Securities and Exchange Commission. This consists of...

Korea’s Bank To Create A Blockchain Based Financial Ecosystem With Three Other Firms

Kookmin Bank has recently announced their ventures in the world of blockchain and cryptocurrency. On August 7th, Kookmin Bank officially signed business agreements...

Partners

RELATED NEWS

Bitcoin Supply Cut Due To Lost Keys And Burning

Bitcoin Halving is basically a mechanism to control its supply and supply of...

Mathew McDermott to Serve As Goldman Sachs’ New Head...

The leading investment banking firm, Goldman Sachs Group Inc. has promoted Mathew McDermott...

Interview with Mikk Maal, the founder of Comistar

Hey Mikk Maal, thanks for taking the time to join me in this interview...