Ripple Unveils The Countries That Support Bitcoin 

Bitcoin has been extremely successful this year, despite the coronavirus pandemic and the global crisis that this managed to trigger.

The king coin continues to be seen as a viable safe haven, and the number of investors has been on the rise this year.

At the moment of writing this article, Bitcoin is trading in the red just like the other digital assets in the crypto market, and the most important coin out there is priced at $9,604.04.

Ripple releases The Last Mile Playbook

Ripple just released an extensive overview of digital assets regulations all over the world. The firm released a 2020 report called The Last Mile Playbook.

In this report, the San Francisco payments startup offers a look at the extent to which countries in key remittance markets support crypto assets such as Bitcoin, Ethereum, and XRP.

“Today, countries around the world are addressing the frictions inherent in the last mile by upgrading and modernizing their domestic payment schemes,” according to the report as cited by the Daily Hodl.

The notes continue and state that “Out of 195 countries, there are now over 54 real-time payment schemes developed and many more in development globally. These new systems enable real-time settlement of low-value payments and rich data transfer.”

In the United States, Ripple highlighted the fact that the the Commodity Futures Trading Commission has officially declared that Bitcoin (BTC) is a commodity.

More than that, it’s been revealed that the agency’s current chairman, Heath Tarbert, has said he believes Ethereum is a commodity as well.

Another interesting thing worth noting is that Ripple has met with regulators around the world in an effort to drive the adoption of XRP in the world of cross-border payments.

Countries that really support Bitcoin

Anyway, according to the reports coming from the online publication mentioned above, Ripple names the countries which support Bitcoin: the US, Mexico, Australia, Argentina, Colombia, Brazil, Europe (SEPA), Nigeria, Peru, Philipines, Thailand.

We recommend that you check out the complete report in order to learn all the details.


Companies Mentioned

CoinMarketCap
CoinMarketCap

CoinMarketCap is a website that provides cryptocurrency market cap rankings, charts, and more. It was purchased by Binance for $400M in 2020.

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Andreas Townsend Author

I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.

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