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Tonga’s timeline for Bitcoin as legal tender and BTC mining with volcanoes

Published 02/24/2022, 07:59 AM
Updated 02/24/2022, 10:00 AM
© Reuters.
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Lord Fusitu’a, a former member of the Tongan parliament, has shared a timeline for the country’s plan to adopt Bitcoin (BTC). A Tongan nobleman, Fusitu’a had previously disclosed the four-step plan, a copy of the Salvadoran Bitcoin playbook.

Step one is remittance, two is legal tender, three is Bitcoin mining, and four is moving national treasuries into Bitcoin, effectively upgrading the nation onto a Bitcoin standard.

Lord Fusitu'a with Bitcoin-ready laser eyes. Source: Twitter (NYSE:TWTR)
Tonga is an archipelago of more than 170 islands and 21 volcanoes in the Pacific Ocean. Source: NationsOnline
Bitcoin mining rigs in shipping containers. Source: YouTube

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