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Will Tonga Be the Next Nation To Adopt Bitcoin?

  • Lord Fusitu’a of Tonga reveals that he’s in talks with Jack Mallers of Zap solutions.
  • Lord Member of Tonga’s Parliament plans on buying BTC using the nation’s reserves.
  • Tonga is also one of the countries receiving remittance via Telcoin (TEL).

Lord Member of Parliament Lord Fusitu’a reveals that he’s in talks with Jack Mallers, founder of Strike by Zap, to buy Bitcoin using the nation’s $750 million reserves. This leaves the public wondering if Tonga can be the next nation to make Bitcoin a legal tender.

Of note, Tonga is also one of the countries receiving remittance via Telcoin (TEL). Telcoin has extended its digital money transfer service to 23 additional mobile money platforms in 16 countries.

More so, the fully verified Telcoin Application users in Canada are now able to send remittances using iOS and Android devices. Of note, Remittances also make up 37% of their GDP.

Some of the countries included in the list are Ethiopia, Indonesia, Kenya, Sri Lanka, Nepal, Philippines, El Salvador, Uganda, and many more.

In Twitter, Lord Fusitu’a account retweeted this, saying:

It can be recalled, El Salvador has recently made Bitcoin a legal tender. The recent news has gained a lot of positive feedbacks from crypto enthusiasts. Furthermore, many are looking forward that this will influence other countries to adopt crypto as well.

As of writing, BTC is trading at $36,791.73 after going down at the range of $32,000. BTC has gained 7.39% in the last 24 hours with a volume of $50,559,422,060. Its price went down alongside the news that former US President Donald Trump calls Bitcoin a scam against the dollar.

Britney James

Britney is a market analyst who covers stories about the cryptocurrency world. She holds a Business Administration Degree in Finance and aims to let the readers understand crypto from a beginner perspective.

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