Malta approves Bitcoin and blockchain technology officially.

in new •  8 years ago  (edited)

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Another European country has officially joined bitcoin. Malta will be next, to use Bitcoin and its technology and this will open the doors to investors and tourists to take advantage of this opportunity.

The next step is to put it into practice and step by step see the results which could result for blockchain technology companies to start working there and at the same time to facilitate the right infrastructure for the local and small business to accept bitcoin which will huge step for local tourist industry.

Also because of the close relationship which exists between UK and Malta there will be lots of possibilities in post-Brexit that could create new business and bring new investors and new spenders.

Lets not forget that there are many people from different countries that because of economic problems that they live in at present time (devaluation of their local currency, for example) they would prefer to use bitcoin outside their countries.

Turkey and Japan are taking full advantage of what bitcoin and cryptocurrency can offer and the latest news from Japan is that in some of their cities the authorities are accepting donations to maintain their historical monuments.

overall, this could encourage other countries to step in the same direction and bring people with limited possibilities together and create a new for of living which did not exist before.

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