Tanzania’s president, Samia Suluhu Hassan, urged the country’s central bank to prepare for wider adoption of crypto around the world, in a speech Sunday, following El Salvador's adoption of bitcoin as legal tender.
"I know that throughout the nation ... they have not accepted or started using these routes. However, my call to the central bank is that you should start working on that development." said Samia Suluhu Hassan.
She emphasized that the central bank should start the necessary preparations for a step-change in global attitudes towards banking, singling out cryptocurrencies as the future of finance.
Well, the news from Tanzania arrived hand-in-hand with a change in recent sentiment from Elon Musk who recently announced that he would allow transactions in Bitcoin once mining is done with more clean energy.
Together with the news from Tanzania, the announcement from Elon Musk gave Bitcoin a major boost of 9% on Sunday that traded at $39,580, on Sunday, a two-week high.
Interestingly, after El Salvador's adoption of Bitcoin as legal tender, a number of South and Central American nations have also signaled their inclination to adopt the use of Bitcoin officially.
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