One might think this as a normal product circle, but the reality is, cryptocurrency has been a favorable payment instrument over the decade. And the usage of cryptocurrencies will be as common as the use of normal bank notes and payment instruments. Just recently, Canada’s first Bitcoin-backed loan has been issued during the first week of November this year.
It is not a false assumption that some of the Maldivians even own cryptocurrencies such as Bitcoin. We have already seen some business entities even trying to introduce cryptocurrency wallets into Maldives. It is just a matter of time before someone starts mining cryptocurrency in the Maldives.