I consider the tools available to central banks to be actually usefull. Example: The ability to print more or less money depending on what is needed.
I consider the tools available to central banks to be actually usefull. Example: The ability to print more or less money depending on what is needed.
But people from those countries could use a currency from one of the more trusted governments instead of using bitcoins.
As an example: american dollars was used as currency in a lot of soviet states.
Notably also, the US government is using USD-pegged crypto currency "USDC" to circumvent governmental corruption in Venezuela, in order to deliver economic aid directly (to intended recipients who weren't receiving it through government-controlled Venezuelan banks):
https://blockchain.news/news/us-government-usdc-stablecoin-o...
Mainstream source: https://finance.yahoo.com/news/us-government-enlists-usdc-gl...