The bitcoin cryptocurrency has seen its ups and downs lately, gaining and losing 10% of its value in just the past week. Nowhere is this volatility felt more intensely than in El Salvador, which became the first country in the world to adopt bitcoin as legal tender in 2021.
Bangkok-based OmiseGO envisions a world where cash is digital and free-flowing, stored on blockchains, accessible by smartphones and effortlessly zapped across borders. It’s a human right, they say. And they’re starting with Asia’s farmers, merchants, migrants and factory hands, who are now quite likely to own smartphones but may not have bank accounts.