BitMEX CEO Predicts Five Developing Countries Will Accept Bitcoin As Legal Tender Next Year – Here’s Why

BitMEX CEO Predicts Five Developing Countries Will Accept Bitcoin As Legal Tender Next Year – Here’s Why


BitMEX chief executive officer Alexander Höptner is predicting that five developing nations will follow in El Salvador’s footsteps and adopt Bitcoin (BTC) as legal tender by next year.

In a blog post, the head of the crypto exchange says BTC will help citizens of developing countries financially by reducing the transaction fees associated with sending money across the globe.

 

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“Remittances made up an astounding 23% of El Salvador’s GDP (gross domestic product) in 2020. Across the world, it’s nearly 10% of GDP in the Philippines, which has over 10 million overseas Filipino workers. According to World Bank data, low and middle-income countries receive about 75% of total global remittances.

This money has got to find a way home somehow. But the current system of

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