Bitcoin’s adoption could reach a significant milestone as Kenya’s Central Bank has made a proposition to switch to BTC while the Shilling keeps depreciating.
Kenya’s national currency, the Shilling, has been on a downward trend for the past few decades as it has lost nearly 50% of its value compared to the US dollar since 2010. In the past year alone, the Shilling is down by almost 10% against the greenback.
