Wednesday, May 18, 2022
  • Shop
  • My account
    • Cart
    • Checkout
  • Contact Us
  • Login
Crypto Travel Magazine
  • Home
  • Crypto Tourism
    • All
    • Boat Parties
    • Crypto Cruises
    Gicam calls for caution as CAR legalizes cryptocurrency

    Gicam calls for caution as CAR legalizes cryptocurrency

    Thousand Islands Region Offers Great Vacations – Oneida Dispatch

    Thousand Islands Region Offers Great Vacations – Oneida Dispatch

    Summer travel preview: Viking Cruises chairman: ‘COVID is really behind us’

    Summer travel preview: Viking Cruises chairman: ‘COVID is really behind us’

    Northladder plans expansion with US$10M convertible note

    Northladder plans expansion with US$10M convertible note

    A Dispatch from Michael Milken’s Global Thought Conference

    A Dispatch from Michael Milken’s Global Thought Conference

    Why Norwegian Cruise Lines Rose 12.3% in March

    Why Norwegian Cruise Lines Rose 12.3% in March

    Saudi tourism sees 130% recovery in Q1 compared to pre-pandemic levels, authority CEO says – Arab News

    Saudi tourism sees 130% recovery in Q1 compared to pre-pandemic levels, authority CEO says – Arab News

    The 2022 Australian election and the bipartisan assault on refugees

    The 2022 Australian election and the bipartisan assault on refugees

    Australia's Pandemic-Era Ban on Cruise Ships Comes to an End – Bloomberg

    Trending Tags

      • Crypto Cruises
      • Boat Parties
      • Crypto Travel Videos
      • Crypto Destinations
        Digital Alchemy: Terra, Bitcoin, And The Crypto Crash

        Digital Alchemy: Terra, Bitcoin, And The Crypto Crash

        China Climbs Back Up to Top Crypto Mining Spot After the U.S.

        China Climbs Back Up to Top Crypto Mining Spot After the U.S.

        Al Ahsa airport capacity to more than double with regional faster growth expectations

        Al Ahsa airport capacity to more than double with regional faster growth expectations

        Bitcoin Mining Appears to Have Survived Ban in China

        Bitcoin Mining Appears to Have Survived Ban in China

        Robinhood launching DeFi wallet to rival Metamask

        Robinhood launching DeFi wallet to rival Metamask

        The Least Crypto-Friendly Countries in the World for Enthusiasts

        The Least Crypto-Friendly Countries in the World for Enthusiasts

      • Crypto Travel Podcasts
      • Digital Travel Gadgets
    • Crypto Travel Tech News
      Globant Launches Smart Payments Studio to Help Companies Create Simpler, Faster and More Secure Solutions

      Globant Launches Smart Payments Studio to Help Companies Create Simpler, Faster and More Secure Solutions

      CyberConnect raises $15M Series A to put data back in the hands of users – TechCrunch

      CyberConnect raises $15M Series A to put data back in the hands of users – TechCrunch

      Equilibrium/Sustainability — Distilling vodka from CO2 emissions

      Equilibrium/Sustainability — Distilling vodka from CO2 emissions

      Revolut’s Billionaire Founder Nik Storonsky To Launch AI-Led Venture Capital Fund

      Revolut’s Billionaire Founder Nik Storonsky To Launch AI-Led Venture Capital Fund

      Revolut’s Billionaire Founder Nik Storonsky To Launch AI-Led Venture Capital Fund

      Revolut’s Billionaire Founder Nik Storonsky To Launch AI-Led Venture Capital Fund

      Starbucks to cover employees’ travel expenses for abortions, gender-affirming surgeries

      Starbucks to cover employees’ travel expenses for abortions, gender-affirming surgeries

    • Cryptocurrency Hodlers
    • Shop
    No Result
    View All Result

    No products in the cart.

    Crypto Travel Magazine
    • Home
    • Crypto Tourism
      • All
      • Boat Parties
      • Crypto Cruises
      Gicam calls for caution as CAR legalizes cryptocurrency

      Gicam calls for caution as CAR legalizes cryptocurrency

      Thousand Islands Region Offers Great Vacations – Oneida Dispatch

      Thousand Islands Region Offers Great Vacations – Oneida Dispatch

      Summer travel preview: Viking Cruises chairman: ‘COVID is really behind us’

      Summer travel preview: Viking Cruises chairman: ‘COVID is really behind us’

      Northladder plans expansion with US$10M convertible note

      Northladder plans expansion with US$10M convertible note

      A Dispatch from Michael Milken’s Global Thought Conference

      A Dispatch from Michael Milken’s Global Thought Conference

      Why Norwegian Cruise Lines Rose 12.3% in March

      Why Norwegian Cruise Lines Rose 12.3% in March

      Saudi tourism sees 130% recovery in Q1 compared to pre-pandemic levels, authority CEO says – Arab News

      Saudi tourism sees 130% recovery in Q1 compared to pre-pandemic levels, authority CEO says – Arab News

      The 2022 Australian election and the bipartisan assault on refugees

      The 2022 Australian election and the bipartisan assault on refugees

      Australia's Pandemic-Era Ban on Cruise Ships Comes to an End – Bloomberg

      Trending Tags

        • Crypto Cruises
        • Boat Parties
        • Crypto Travel Videos
        • Crypto Destinations
          Digital Alchemy: Terra, Bitcoin, And The Crypto Crash

          Digital Alchemy: Terra, Bitcoin, And The Crypto Crash

          China Climbs Back Up to Top Crypto Mining Spot After the U.S.

          China Climbs Back Up to Top Crypto Mining Spot After the U.S.

          Al Ahsa airport capacity to more than double with regional faster growth expectations

          Al Ahsa airport capacity to more than double with regional faster growth expectations

          Bitcoin Mining Appears to Have Survived Ban in China

          Bitcoin Mining Appears to Have Survived Ban in China

          Robinhood launching DeFi wallet to rival Metamask

          Robinhood launching DeFi wallet to rival Metamask

          The Least Crypto-Friendly Countries in the World for Enthusiasts

          The Least Crypto-Friendly Countries in the World for Enthusiasts

        • Crypto Travel Podcasts
        • Digital Travel Gadgets
      • Crypto Travel Tech News
        Globant Launches Smart Payments Studio to Help Companies Create Simpler, Faster and More Secure Solutions

        Globant Launches Smart Payments Studio to Help Companies Create Simpler, Faster and More Secure Solutions

        CyberConnect raises $15M Series A to put data back in the hands of users – TechCrunch

        CyberConnect raises $15M Series A to put data back in the hands of users – TechCrunch

        Equilibrium/Sustainability — Distilling vodka from CO2 emissions

        Equilibrium/Sustainability — Distilling vodka from CO2 emissions

        Revolut’s Billionaire Founder Nik Storonsky To Launch AI-Led Venture Capital Fund

        Revolut’s Billionaire Founder Nik Storonsky To Launch AI-Led Venture Capital Fund

        Revolut’s Billionaire Founder Nik Storonsky To Launch AI-Led Venture Capital Fund

        Revolut’s Billionaire Founder Nik Storonsky To Launch AI-Led Venture Capital Fund

        Starbucks to cover employees’ travel expenses for abortions, gender-affirming surgeries

        Starbucks to cover employees’ travel expenses for abortions, gender-affirming surgeries

      • Cryptocurrency Hodlers
      • Shop
      No Result
      View All Result

      No products in the cart.

      Crypto Travel Magazine
      No Result
      View All Result

      Be[In]Crypto Video News Show: Cryptocurrency in Emerging Markets

      Cryptotraveller1 by Cryptotraveller1
      April 17, 2022
      in Crypto Tourism
      0 0
      0
      Home Crypto Tourism


      In this episode of Be[In]Crypto’s Video News Show, host Juliet Lima discusses emerging markets and how cryptocurrencies are playing a role in their development.

      What is an emerging market?

      Every day around the world goods and services are being produced and consumed in what we can largely think of as the global economy. Over time, but also through war and exploitation, some countries have developed sophisticated industrial economies that have raised wages and living standards for their citizens. However, not every country around the world has had the time, resources, or frankly leverage, to become an advanced economy, but some are certainly on their way. 

      These countries we can think of as developing economies, or emerging markets. Features of emerging markets may include lower than average per capita income, or relatively frequent currency swings. However, many are currently undergoing rapid growth which offers high potential returns for investors, but also comes with a certain amount of risk. Without as much to lose as Western economies, emerging markets are willing to make more radical changes in policy for a chance at advancing. This has especially been the case with cryptocurrency adoption.

      El Salvador

      The most prominent emerging market taking on cryptocurrencies has to be El Salvador, which became the first country in the world to accept Bitcoin as legal tender in September last year. What started out as a small project called Bitcoin Beach in the sleepy surf town of El Zonte, eventually turned into a countrywide movement. 

      The project was spearheaded by President Nayib Bukele, a somewhat controversial figure who instantly gained international recognition with such a bold step. Moving nimbly, the small country announced its intentions in early June 2021 and was able to implement them by nearly the end of the summer. Although not everyone in the country is pleased with the development, many are supportive as they’ve seen their quality of life improve.

      El Salvador, which adopted the U.S. dollar as its legal tender in 2001, has been beholden to U.S. monetary policy since then. With the new Bitcoin law in place, El Salvador now has more financial freedom, GDP has grown, and tourism has skyrocketed over the past year. The country is also working on other projects such as Bitcoin City, a tax-free bitcoin haven, which will be built at the base of a volcano. While the only country so far to adopt Bitcoin as legal tender, El Salvador has surely inspired other emerging markets.

      Costa Rica 

      Another country dabbling with crypto has been Costa Rica, albeit not in the entire country. In the region along the southwest pacific coast, areas such as Dominical and Uvita have recently taken El Salvador’s Bitcoin Beach idea and started something called Bitcoin Jungle.

      While an official government law or program, some local businesses have taken it upon themselves to transact in Bitcoin. People can spend Satoshis over the lightning network instantly, without having to convert into the local Costa Rican colones.

      Unlike El Salvador, Costa Rica has a long history of tourism, with people from all over the world bringing along their respective currencies. Therefore businesses in the area have been drawn to the idea of transacting in a currency that doesn’t have any borders, which is inherently international. 

      Guatemala

      While El Salvador and Costa Rica may have based their Bitcoin projects on beaches and jungles, Guatemala has taken inspiration from its beautiful lake Atitlan, which is lined with idyllic towns, each idyllic in its own way. 

      The Bitcoin Lake project is primarily located in the town of Panajachel, also known as “Pana,” where currently 17 businesses in the area accept Bitcoin. The main goal of bitcoin lake is to provide an opportunity for Guatemalans in the area, with plans to fund the cleanup of Lake Atitlan using Bitcoin. 

      Although the government does not recognize Bitcoin as legal tender, doing so may benefit the local population, some 60-65% of whom lack a traditional bank account. 

      Mexico

      Inspired by El Salvador, Senator Indira Kempis of Mexico plans to introduce the bill later in 2022 that would make Bitcoin legal tender in her country. She argues that Bitcoin promotes financial inclusion, giving people access to banking products that they may not have otherwise been able to get.

      It also provides them with a way to save that is relatively safe from inflation. 

      South Africa 

      Other regions of the world have also been influenced to adopt cryptocurrencies, such as Africa. Based in the townships surrounding Mossell Bay, South Africa, Bitcoin Ekasi is another bitcoin beach. The project aims to help some of the poorest townships in the area realize the economic benefits Bitcoin can bring. 

      In addition to the usual list of financial freedom, and the ability to save in a deflationary currency, Bitcoin also has been helpful in another way. As most of the businesses in this area hold cash, the physical security of that cash can be an issue. Proper management of bitcoin private keys has helped alleviate some of this risk. Meanwhile, a substantial amount of stores are accepting Bitcoin in the area and the project is working on adding more. 

      Tonga

      The final place we’ll cover here is a very isolated island nation of Tonga, which has been mulling over crypto adoption. A prominent local figure, Lord Fusitu’a, has been hinting at plans for the country to accept Bitcoin as legal tender. He claims the earliest for something like this to come to fruition would be sometime in 2023. 

      The islands of Tonga have an excess of power with access to 21 different volcanoes, in addition to easy access to high-speed internet thanks to a plan enacted a few years ago by the government. If they do move forward with the legal tender status, Bitcoin mining could be done all over the islands, creating a massive amount of wealth through the use of their excess energy. With that wealth comes further development that would create new economic opportunities for their citizens.

      Disclaimer

      All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.



      Source link

      ShareTweetShare
      Cryptotraveller1

      Cryptotraveller1

      Next Post
      Brexit news: Britain urged to seize major cryptocurrency opportunity | Politics | News

      Brexit news: Britain urged to seize major cryptocurrency opportunity | Politics | News

      Leave a Reply Cancel reply

      Your email address will not be published. Required fields are marked *

      No Result
      View All Result

      Recent Posts

      • How To Create A Smart Contract | Ethereum Smart Contracts Explained | Blockchain | Simplilearn
      • Digital Alchemy: Terra, Bitcoin, And The Crypto Crash
      • Gicam calls for caution as CAR legalizes cryptocurrency
      • Thousand Islands Region Offers Great Vacations – Oneida Dispatch
      • Summer travel preview: Viking Cruises chairman: ‘COVID is really behind us’

      Recent Comments

      • BlockStar on Will Cryptocurrency Regulation Affect Crypto Prices? | Cryptocurrency
      • full stack data scientist course in malaysia on BlockChain Introduction | BlockChain Technology Online Training Demo | BlockChain Training
      • Migrant Visa on More than 450 airlines can now use IBM’s Digital Health Pass — Quartz
      • emilia stone on Amazon plans to shut down more than 50 brick-and-mortar stores.
      • sophia Abigail on How UAE is fast becoming an ideal hotspot for blockchain startups
      Crypto Travel Magazine

      Crypto Travel Magazine is the most trusted platform for news, crypto, travel and magazine.

      Categories

      • Boat Parties
      • Crypto Cruises
      • Crypto Destinations
      • Crypto Tourism
      • Crypto Travel Podcasts
      • Crypto Travel Tech News
      • Crypto Travel Videos
      • Cryptocurrency Hodlers
      • Digital Travel Gadgets
      • Uncategorized

      Tags

      Cryptocurrency Cryptocurrency Travel Money Transfer

      Recent News

      How To Create A Smart Contract | Ethereum Smart Contracts Explained | Blockchain | Simplilearn

      How To Create A Smart Contract | Ethereum Smart Contracts Explained | Blockchain | Simplilearn

      May 18, 2022
      Digital Alchemy: Terra, Bitcoin, And The Crypto Crash

      Digital Alchemy: Terra, Bitcoin, And The Crypto Crash

      May 18, 2022

      © 2022 Crypto Travel Magazine – The platform for Crypto and Travel news globally.

      No Result
      View All Result
      • Home
      • Crypto Tourism
        • Crypto Cruises
        • Boat Parties
        • Crypto Travel Videos
        • Crypto Destinations
        • Crypto Travel Podcasts
        • Digital Travel Gadgets
      • Crypto Travel Tech News
      • Cryptocurrency Hodlers
      • Shop

      © 2022 Crypto Travel Magazine – The platform for Crypto and Travel news globally.

      Welcome Back!

      Login to your account below

      Forgotten Password?

      Retrieve your password

      Please enter your username or email address to reset your password.

      Log In
      DON’T MISS OUT!
      Subscribe To Newsletter
      Be the first to get latest updates and exclusive content straight to your email inbox.
      Stay Updated
      Give it a try, you can unsubscribe anytime.
      close-link