- Bahrain becomes the latest player in the Bitcoin adoption game.
- The country is testing Bitcoin payments with assistance from OpenNode.
- They are doing so with the approval of the Central Bank of Bahrain’s Regulatory Sandbox.
Bahrain is conducting tests to check Bitcoin payment infrastructure via OpenNode. The island nation is doing so with the approval of the Central Bank of Bahrain’s Regulatory Sandbox.
Much like other Middle-Easterns nations, Bahrain is also gaining momentum in the crypto and blockchain sphere. So far, Bitcoin payments have pretty much been out of the question in Bahrain. This sudden interest is proof that Bitcoin and cryptocurrencies are becoming more and more popular.
In detail, OpenNode will begin running a test to implement Bitcoin payments. In particular, it will run Bitcoin payment processing as well as Bitcoin payouts solution with the approval of the Central Bank of Bahrain (CBB).
By doing so, OpenNode will provide the infrastructure needed to assist the country in growing its economy. In addition, it will also show the rest of the world why Bitcoin is synonymous with business.
The latter however, should come as no surprise as both nations and corporates across the globe have slowly begun to adopt Bitcoin and other cryptocurrencies. To highlight, Saudi Arabia appointed its first cryptocurrency chief.
Meanwhile, Dubai recently announced its Metaverse Strategy plan which aims to create over 40,000 virtual jobs. More so, Dubai has been titled the crypto wall street. After all, it also announced the Nexus Dubai Projects which focuses on DeFi.
Michael Saylor — CEO of MicroStrategy, says the US will profit most from crypto adoption. Considering how many countries are rapidly beginning to embrace crypto, we may just have to wait and see which country would profit the most over the next decade. The latest development came from Brazil, the nation just celebrated its 1 million Bitcoin and crypto users.
Recommended News :
Crypto News Land (cryptonewsland.com) , also abbreviated as “CNL”, is an independent media entity — we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.