Which type of countries would make crypto (or at least Bitcoin) their means of payment first?
So on the one side we have MEDCs (more economically developed countries). Usually technology, internet accesibility, tools and infrastructure are more advanced in these countries. Also the standard of living is higher and therefore people have more wealth to spend/invest in crypto. What comes to my mind is some western and central European countries, USA, Japan, South Korea, Australia, Canada. Will they make use of availlable tech and wealth to facilitate crypto adoption and implementation into their financial systems? Or will the legislation and regulation (like in US lately) slow down the advancements in that?
On the other side we have LEDCs (lower economically developed countries). They usually struggle with high inflation because of which we already see people turning to crypto as their means to perserve value of their money. However is the tech and infrastructure availlability good enough for nation wide adoption? Countries I have in mind are some African ones (although as far as I know, crypto is illegal in some already), southeast Asian countries and some central/Latin American countries.
I apologise in advance if my assumptions are incorrect, this is so far where my knowledge is.
What thoughts do you have about this? And can you offer any insight, specially from LEDCs?
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