The country is also becoming a fertile breeding
ground for blockchain innovation with a number of successful startups and organisations taking advantage of the high number of bitcoin freelancers, traders, and miners.
A key feature provided by decentralization is permissionless entry for users and developers — and it is thanks to this component that Bitcoin has grown into much more than a currency and has become a
platform for Blockchain innovations.
This has come through an announcement from the San Marino Innovation Institute, the formation of a new company which under San Marino law will be devoted to developing a first - ever
ecosystem for blockchain innovation.
The European Commission's declaration of
support for Blockchain innovation yesterday, and the creation of a European Blockchain Partnership made up of 22 countries, are recent large wins for Blockchain adoption that could be keeping BTC and ETH's prices near $ 7,000 and $ 400 respectively.
French Finance Minister Bruno Le Maire hopes the country will take the lead in regulation and become a «hotbed»
for blockchain innovation.
She shared statistics showing over 98 percent of Africans owned a mobile phone and the continent had the fastest growing internet infrastructure making an ideal breeding ground
for blockchain innovation.
The US dollar is not the «low - hanging fruit»
for blockchain innovation, according to an executive at the Federal Reserve Bank of Boston.
Japan is also becoming an important testing ground
for blockchain innovation.