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Longtime Bitcoin (BTC) proponent and former Blockstream executive, Samson Mow, in an interview with Kitco News, said that there will be other countries in the coming years following the example of El Salvador and the Central African Republic in making Bitcoin legal tender.
Mow specifically referred to one country who he thinks is on the verge of adopting BTC soon:
“Well it looks like Panama is coming. They’re just waiting for a signature from the president to sign off on a law. That was pretty unexpected, even the Central African Republic was unexpected. It just came out of nowhere.
I think definitely within this year it’s possible we’ll see another one appear. I’m actually working on a number of countries too, with Bitcoiners on the ground in different places. There’s two paths here. One is pushing Bitcoin actively, the other path is natural adoption where they figure it out on their own and say ‘Okay we’re going to use Bitcoin.’ Our prospects are looking good this year.”
Panama, just recently passed a bill on the use of cryptocurrencies in the Central American country, with a 40-0 vote.
Currently, Mow is working with big personalities in Mexico to drive Bitcoin adoption in the country. He said:
“I’m working with some people in Mexico. Indira Kempis, she’s a Mexican senator. And also Ricardo Salinas, that’s the Mexican Avengers team trying to get Bitcoin adoption in Mexico. And a couple of others, I don’t want to name yet but there’s more in play.”
Mow was one of the architects behind El Salvador’s $1 billion Bitcoin bonds, used to fund the geothermal powered “Bitcoin City,” currently delayed following “unfavorable market conditions.”
Two weeks ago, the head of financial advisory firm deVere Group, Nigel Green, said to expect that by the end of this year, a minimum of two countries have adopted Bitcoin (BTC) as legal tender. He said:
“First, El Salvador, now the Central African Republic – and this is just the beginning.”