5 developing countries will accept Bitcoin by the end of 2022: BitMEX CEO predicts

NEW DELHI: The CEO of cryptocurrency exchange, BitMEX, Alex Hoeptner has spoken about Bitcoin adoption in developing countries.

Hoeptner’s article ‘Developing Countries are leading the way in Bitcoin Adoption’ published on October 6 on the BitMEX blog explores the future of Bitcoin adoption in countries that are currently undergoing financial distress like El Salvador.

Hoeptner substantiated his prediction with three reasons:

* Remittances as one of the key reasons.

– He quoted a World Bank’s report, according to which middle and low-income countries receive about 75 percent of the total global remittances.

– However, the current services providers charge as high as 10 percent for sending money home.