Arizona is getting in on the crypto action as our state senator is trying to get a bill passed to make Bitcoin a legal tender.
Whether such a law could go into effect is questionable, given that the U.S. Constitution doesn’t allow individual states to create their own legal tender.
Last September, El Salvador made bitcoin legal tender alongside the U.S. dollar and remains the only country in the world that has made the cryptocurrency an official currency.
I see more and more countries, and individual states trying to do this because of course they see the potential in crypto currencies. I find it funny because there was and still is a lot skepticism regarding crypto and even NFTs so it will be interesting to see where this goes in Arizona.
I have to say I’m all for it! Intercoin is making crypto go mainstream and I am looking forward to see what else 2022 brings