The country must open bitcoin transaction before the end of the month.
The bicoint is the international digital currency that will be soon available in Egypt. The bicoin arrival will allow individuals and companies to exchange and to pay directly without passing through the classical worldwide monetary transaction system.
Already 300 persons have been registered to use the bitcoin. The reason why it is not yet available ? A lack of a legal framework from the Egyptian government that is going to be implemented. Indeed if the currency can help to open the economy of the country, it could also finance the “dark web” like terrorist organisations, mafia or criminal groups. Rami Khalil precises that the Egyptian government will not take any risks aver the bitcoin expansion.
The first version of the platform would be released in the local Egyptian pounds but in a near future a dollar version could emerge. Egypt is counting 93 millions of habitants with a majority of the population who do not have access to a bank account. The bitcoin will certainly open the market to bankless people.
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