A newly elected pro-Bitcoin Prime Minister has taken office in the Pacific Islands of Fiji. The new leader, Sitiveni Rabuka, took the Fijian office on Dec. 24.
Lord Fusitu’a, a Tongan noble and a former member of the Tongan parliament, took to Twitter to share the news from his neighboring nation. Fusitu’a stated that he had
Overall, the election of a pro-Bitcoin prime minister in Fiji is an ongoing development. It remains to be seen how support will translate into concrete policy, but the potential for Bitcoin to improve financial inclusion in Fiji is significant.
A longstanding Cointelegraph contributor, Lord Fusitu’a explained that Bitcoin could aid with GDP remittance by undermining reliance on costly money transfer services such as Western Union; “Replace commercial retail banking with BTC custody of a citizen’s finances in their pocket on a phone/hardware wallet instead of a commercial bank.”
