🔥 Bermuda Islands are transitioning to blockchain🤷♂️🤔
🔍 The Bermuda Islands want to become the world's first economy fully built on-chain.
And this is not just a loud statement; the project is backed by Coinbase and Circle💪
Let's figure out what exactly is being discussed?🤔
🔹️The government has partnered with Coinbase and Circle; they are building the country's financial infrastructure on the blockchain.
🔹️The base payment asset is USDC
🔹️The state will be testing payment for public services in stablecoins.
🔹️Businesses and citizens will be able to use crypto for daily transactions.
🤭 This is no longer crypto for traders, but crypto as the foundation of the financial economy.
💬 Why print money when everything can be converted into stablecoins tied to the US dollar, with fast transactions and minimal fees? An interesting idea; let the islands test it first, and then everyone else can follow 😁
#CryptoNews #news #stablecoin $AXS $SAND $BERA
