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goobster · 1265 days ago · link · · parent · post: El Salvador looks to become the world’s first country to adopt bitcoin as legal tender
Doesn't the Euro attest to the possibility of some sort of "continental currency" emerging to address this issue? The politics are hard, yes, but then Germany and France both joined the EU, so it's possible some sort of SoCentAm Peso could be negotiated. If it means that the participating governments have better controls/auditing capabilities to gather their taxes because it's on a blockchain, it could be the catalyzing force to push these countries into some sort of Peso-based EU. In order for that to be true, the local currency has to vanish. Not run in parallel, but completely disappear. That's not going to happen for any country in the world because there's no impetus to do it.