Bringing Bitcoin to Tonga with Lord Fusitu’a

“The economy will first benefit by every customer having a disposable income increase by 30% and... simultaneously with that extra 30%, there are some who are going to be saving it rather than putting it into the economy and stacking sats.”

— Lord Fusitu’aLocation: Zoom

Date: Saturday 27th June

Project: Tonga

Role: Tongan Politician & Noble of the Realm.Following El Salvador's groundbreaking decision to make bitcoin legal tender, politicians from all over Central & South America, Africa and the Pacific Islands began putting laser eyes in their Twitter bios and publicly endorsing bitcoin. One of these politicians was Lord Fusituʻa, a Tongan politician.Tonga is a small country in the South Pacific. Their economy relies heavily on remittances, most notably from Australia, New Zealand and the United States. With close to 41% of their GDP coming from remittance and fees, sometimes as high as 50%, the Polynesian country would benefit greatly from removing these middle-man fees.After seeing Strike's success in El Salvador and their government's steps to legalise bitcoin, Lord Fusituʻa wants to bring bitcoin to Tonga.In this episode, I talk to Tongan Politician and Noble of the Realm, Lord Fusituʻa. We discuss the history of Tonga, why the country relies so heavily on remittance payments and the steps he is taking to bring Bitcoin to the Tongan people. This episode’s sponsors:

Gemini - Buy Bitcoin instantly

BlockFi - The future of Bitcoin financial services

Sportsbet.io - Online sportsbook & casino that accepts Bitcoin

Casa - The leading provider of Bitcoin multisig key security.

Exodus - The world's leading Desktop, Mobile and Hardware crypto wallets.

Ledger - State of the art Bitcoin hardware wallet

Revolut - A better way to handle your money

-----WBD368 - Show Notes

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