Sri Lanka rejects Tim Draper's idea of fighting corruption with Bitcoin
Sri Lanka rejects Tim Draper's idea of fighting corruption with Bitcoin
Nandalal Weerasinghe-Governor of the Central Bank of Sri Lanka-rejected Tim Draper's idea of eliminating corruption in the country by introducing Bitcoin.
The banker argued that the introduction of the primary cryptocurrency could deteriorate the economic situation of the nation.
Rejection of the Bitcoin concept
The American risk capital investor recently visited Sri Lanka to make a episode of his TV show "Meet the Drapers". He also had conversations with the president of the country - Ranil Wickremesinghe - and the governor of the Central Bank - Nandalal Weerasinghe - about the financial crisis prevailing in the region and the possible solutions that could alleviate the turbulence.
Draper claims that Sri Lanka has become a "Corruption City", to switch to Bitcoin to switch to the right way come:
"Did you see Sri Lanka in the news? It is known as the capital of corruption. A country that is known for corruption will be able to lead perfect records with the introduction of Bitcoin."
Weerasinghe was not open to the idea and claimed "the introduction of 100 % Bitcoin will never be a reality in Sri Lanka". The governor believes that technologies that differ from the leading digital assets could successfully distribute financial services and promote financial inclusion in the country. "We do not want to make the crisis worse by introducing Bitcoin," he concluded. The economic situation of Sri Lanka is quite worrying, with an inflation of over 54 %. In addition, the country was hit by an energy crisis last year that triggered massive protests against the government. The lack of fuel, household gas and vital goods was so great that the locals had to queue for days to buy supplies. Draper pointed to El Salvador, which, despite his problems (considerable unemployment, poverty and inequality), declared Bitcoin as a legal means of payment in 2021. It had a positive impact on the country and boosted the investments in the region Promotion The local tourism industry. also one of the poorest nations in the world-the Central African Republic (Zar). hug the asset as an official payment method within its limits. The billionaire predicted in June 2021, this bitcoin will increase to $ 250,000, with several huge institutions assumed will accept as a means of payment. The asset ended the last year well below this forecast at around $ 16,500 Despite the market decline, Draper remained optimistic in the following months, Preserver-spaces = "true"> proverb BTC as soon as the macrootonomic Improving conditions and starting women to use it for daily purchasing: "If women realize that they can get a discount by paying Bitcoin or recognizing retailers that they can double their income by accepting Bitcoin."
. Tim draper. Techcrunch
The bullish forecast by Tim Draper