Click to download audio version On this episode of the Bitcoin Magazine
Podcast, Christian Keroles sits down with Lord Fusitu'a of Tonga. Lord
Fusitu’a is Tongan royalty and a member of the Tongan government.
Lord Fusitu'a is a die hard Bitcoiner and often spends time on Twitter
spaces chatting with Bitcoin plebs from around the world. Fusitu’a tells
the story of how Tonga relies heavily on remittances from Tongan’s living abroad
and how much of those funds are lost to middle men and rent seekers. According
to Lord Fusitu’a Bitcoin is already starting to take route in Tonga on a peer to
peer level and Lord sees a viable path to implementing an El Salvador style bill
to make Bitcoin legal tender in Tonga. Fusitu’a has been working with
both Jack Mallers and El Salvadorian official’s to take the best parts of that
law and amend it to fit into Tonga’s legal framework. Fusitu’a believe that by
embracing Bitcoin, Tonga can become more competitive and more wealthy compared
to starts that are slower to the digital hard currency. Tonga people stand to
benefit immediately just based on the remittances advantages that Bitcoin
offers. Fusitu’a believe that these immediate advantages will turn into a
culture of long term saving on the islands. Learn more about Lord Fusitu’a and
his work in Bitcoin by following him on Twitter @LordFusitua
Podcast, Christian Keroles sits down with Lord Fusitu'a of Tonga. Lord
Fusitu’a is Tongan royalty and a member of the Tongan government.
Lord Fusitu'a is a die hard Bitcoiner and often spends time on Twitter
spaces chatting with Bitcoin plebs from around the world. Fusitu’a tells
the story of how Tonga relies heavily on remittances from Tongan’s living abroad
and how much of those funds are lost to middle men and rent seekers. According
to Lord Fusitu’a Bitcoin is already starting to take route in Tonga on a peer to
peer level and Lord sees a viable path to implementing an El Salvador style bill
to make Bitcoin legal tender in Tonga. Fusitu’a has been working with
both Jack Mallers and El Salvadorian official’s to take the best parts of that
law and amend it to fit into Tonga’s legal framework. Fusitu’a believe that by
embracing Bitcoin, Tonga can become more competitive and more wealthy compared
to starts that are slower to the digital hard currency. Tonga people stand to
benefit immediately just based on the remittances advantages that Bitcoin
offers. Fusitu’a believe that these immediate advantages will turn into a
culture of long term saving on the islands. Learn more about Lord Fusitu’a and
his work in Bitcoin by following him on Twitter @LordFusitua
