It will happen. I can't say where, when and who, but it sure will happen. Every country will eventually adopt Bitcoin, Prince Filip of Serbia predicted.
The prince argues that Bitcoin is an excellent solution for Muslim countries, as “ it is the perfect money for the Shari'a . […] It is only a matter of time before a Muslim country that follows the Shari'a adopts Bitcoin. ". Islamic law, known as Shari'a, is based on the teachings of the Qur'an and determines when something is lawful (halal) or illegal (haram).
Filip Karađorđević is technically the prince of Serbia and Yugoslavia, as Serbia did not yet exist when the monarchy was abolished. “ But Yugoslavia does not exist today. And since we are of Serbian origin, then I am the prince of Serbia, ”he clarified. Serbia is a parliamentary republic, but a slice of the population would favor introducing a parliamentary monarchy, similar to the United Kingdom.
Prince Filip appeared on the Bitcoin scene in March of this year, with his speech during a web show. He explained the difference between BTC and other cryptocurrencies, arguing that “ Bitcoin is freedom, and this is something I want for everyone. "
As for the adoption of Bitcoin in Serbia, unfortunately, the prince does not possess any real political power in the country and therefore cannot make BTC a legal tender like in The Savior. But he thinks such a move would greatly benefit his nation than him:
“There are many Serbs in the world, it is a significant diaspora. I think the greatest concentration is in Canada, followed by Chicago. "
The use case of remittances for the approximately 5 million Serbs living outside Serbia, who regularly send money to their home country, is certainly compelling. As Bitcoin transcends borders, offering people a way to instantly send value around the world without intermediaries, the official adoption of that asset could strengthen Serbia's economy. For The Savior, remittances to the country exceeded $ 50 million in the first year of Bitcoin's adoption.
Serbia borders the Free Republic of Liberland: a micronation lying on a thin stretch of land on the Danube River, Liberland adopted Bitcoin as its currency more than seven years ago. There are therefore already cases of BTC adoption in the Balkans.