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The Central African Republic (CAR) has become the center of a hot buzz in the cryptocurrency world amid various reports of it adopting Bitcoin (BTC) quite similar to El Salvador.
However, contrary to popular headlines, the African nation has not adopted BTC as a legal tender, instead, it has reportedly legalized the use of cryptocurrencies in the financial markets.
The new cryptocurrency law would reportedly allow citizens to pay their taxes in Bitcoin or crypto and allow the use of crypto as a form of payment for businesses.
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Show Notes / News Resources:
✔ Bitcoin Technical Analysis: https://bit.ly/3vI1unp
✔ Skybridge Goes All-In On Crypto: https://bit.ly/3xQYSX3
✔ Next Parabolic Crypto Bull Run: https://bit.ly/3OB0Ssf
✔ The Central African Republic Adopts Crypto: https://bit.ly/3EM7b7X
🔴 DISCLAIMER: This is NOT financial advice. This is an entertainment and opinion-based show. I am not a financial adviser. I am not responsible for any investment decisions that you choose to make. Always do your own research and never invest what you cannot afford to lose.
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What is the Metaverse?
What is the Metaverse? What is its role in the world of virtual reality? Is it something that will be commonplace in the near future? It’s important to know, before getting into this discussion. For example, is it simply a virtual space that is accessible through the internet? Or, does it go far beyond that? To better understand the Metaverse, let’s take a closer look at some examples. Listed below are just a few examples.
Facebook co-founder Mark Zuckerberg recently called the metaverse “the next big thing”. The social media giant recently changed its name to Meta Platforms and rebranded itself as a “metaverse company.” He believes that this digital space will be a place where people can relax, work, and communicate with one another. The idea is so compelling that many people in Silicon Valley are already investing in the project. Moreover, Facebook is making massive investments in VR and AR.
The Metaverse is a new kind of social network based on cryptocurrencies. This new technology will require constant confirmation of ownership. NFT is a technology that enables creators to create unique tokens, while blockchain allows transparency in transactions. The metadata of each token includes information on who owns it. Once a token is issued, it becomes a virtual currency. By 2030, the metaverse market could be worth $21.7 trillion. It is estimated that cryptocurrency, mixed realty technologies, and artificial intelligence will all have an impact on the future of the metaverse.