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- Saint Kitts and Nevis is going to adopt Bitcoin Cash in 2023.
- The announcement has been done by the prime minister of Saint Kitts and Nevis itself.
Terrance Drew, the fourth and current prime minister of Saint Kitts and Nevis, a country in the Caribbean has publicized that Bitcoin Cash will become a legal tender in the country by March of the next year. The announcement was done at a Bitcoin Cash conference in that very country.
He also claimed that Saint Kitts and Nevis will also be indulged in mining Bitcoin Cash and is ready to welcome dialogue and search for upcoming opportunities with that very cryptocurrency.
A Twitter user, Kim Dotcom tweeted on November 13 stating that “The Prime Minister of St. Kitts and Nevis just publicized that Bitcoin Cash will become legal tender in Saint Kitts and Nevis by March of the coming year. It is a big step for Bitcoin Cash as no country can ban the currencies of other countries. Mass consumption with astonishing new apps is the next.
The publicization is followed by an increasing trend of mainstream adoption of crypto, as represented by the Central African Republic which has adopted Bitcoin as a legal tender in April of this year.
As a consequence of the publicization of the news of adoption, the majority is questioning about nation’s decision of choosing Bitcoin Cash over Bitcoin. Although, the supports are referring doubters to the WhyBitcoinCash website for further information.
Investors don’t prefer Bitcoin Cash. Here’s why?
Compared to the top cryptocurrencies, Bitcoin is not that popular with the crowd. It clearly means that it can be dumped as investors will not like to prefer this over other crypto projects.
Prior to this, Bitcoin Cash has publicized its plans for a network update Livestream. Although, according to the recent publicization, it was verified that the network will not go ahead with it. So, investors are still very much confused about choosing Bitcoin Cash over other cryptocurrencies
However, Bitcoin ABC confirmed that it will carry on to give trustworthy and tested note software. At the same time, the network domain will be controlled by a different party. This calls attention to the active development affirmation.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
