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With the inception of crypto, financial institutions have witnessed a new evolving evolution it seems to be happening too fast even the regulatory bodies are mesmerized by how the public is fast embracing the new digital currency.
As the year goes by more users and countries continue to see a need to integrate digital currency as an acceptable means of transaction even financial institutions are not left out of this new advanced technology aside from security and scalability the new digital currency is offering users transparency with use case in the industry, health care centers, and business are reasons why its adoption have been increasing exponentially.
legal tender
With Bitcoin accepted/implemented in El Salvador as a legal tender, there has been some controversy in the country where majority seems to oppose this new initiative over 60% of the country's population kick against this initiative source
One of the important reasons why most people oppose this initiative is due to improper adequate crypto education
Understanding how cryptocurrency works require time and research majority of users today have little understanding of what cryptocurrency is all about it's not surprising today even with the internet at our disposal a lot of people have no clue about bitcoin and its technology.
A need for crypto education
I've read several articles where recognized educational sectors integrate blockchain technology for data storage/record keeping of information, multiple journals and books have been published to educate people, the truth is there are more people to be reached only a fragment of the world population knows about blockchain technology, a great way of making the digital currency a legal tender in any section across the globe is by educating the public about the new technology when people have an adequate understanding of what they are dealing with accepting it wouldn't be a problem.
Final thought
I guess the first step toward making blockchain technology acceptable is by educating the public about it, crypto mass adoption is also an important factor to be considered but why would one be adopting what they don't know/understand, having digital currency as legal tender is also very good but there is a need for proper education.
These are just my opinion I guess people have ways of approaching and viewing things I would love to know what your opinions are on making digital currency a legal tender in your country what would be the reaction of the population.
It is true, if people had a proper cryptographic education they would not go around burning crypto ATMs or opposing an extraordinary measure..,
It is also true that people today are very lazy and want everything given to them on a silver platter and do not want to go out and look for it.
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Yeah i agree with you some people want everything given to them on a silver platter they refuse to work for anything.
A user who understand how crypto technology works will not be engaging in anti-crypto rally, thanks much for sharing your feedback.
Yeah, it is thanks for sharing.