As the background, the bill introduced in Brazil is proposing that all companies could pay their employees in Bitcoin as salaries if agreeable to both parties that make up the whole agreement.
Impact on Financial Inclusion: The bill would foster new opportunities for financial inclusion using Bitcoins as an exchange medium for those who have no access to the largely existing traditional banking services in Brazil.
For Global Adoption of Cryptocurrencies: This act is subsumed under the phenomena wherein countries have moved toward bold recognition of Bitcoin in their own financial systems like in the case of El Salvador.
Potential Challenges and Concerns: Here we might witness major concerns regarding Bitcoin, its volatility, the governance around it, and the logistical hindrances to putting cryptocurrencies through ..
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