Fiji Elects New Pro-Bitcoin Prime Minister, Could Follow Tonga’s Legal Tender Lead

The Pacific Islands are acceptable to origin a disturbance successful the Bitcoin assemblage successful the coming year. Lord Fusitu’a, a Tongan noble and erstwhile subordinate of the Tongan parliament, announced that Fiji has elected a caller pro-Bitcoin premier minister.

The Twitter station read:

Congratulations to member Sitiveni Rabuka and our GOPAC Fiji’s Biman Prasad connected winning your seats successful the Fijian elections – And for being elected Prime Minister & Deputy Prime Minister of Fiji respectively. Toso Viti.

A caller pro-Bitcoin affable premier curate successful the South Pacific. Fiji’s recently elected Prime Minister Rabuka. Let’s spell 2 for 2 – BTC Legal Tender Bills for the Pacific successful 2023.

Rabuka was already elected arsenic the caller premier curate astatine the caput of a three-party conjugation authorities connected December 24. Fijian voters ousted the FijiFirst authorities of Frank Bainimarama aft 2 presumption successful office, expressing their tendency for change.

As premier minister, Rabuka volition beryllium liable for overseas affairs, clime change, environment, nationalist service, information, and nationalist enterprises, and heads a furniture consisting of 19 ministers and 10 lawman ministers.

Lord Fusitu’a antecedently stated successful a November 13 tweet that helium “held a half-hour telephone call” with Sitiveni Rabuka to springiness him recommendations connected however to statesman BTC mining based connected renewable vigor and the champion way for adoption for Fiji.

Define surreal & mainstream adoption successful 1 sentence: conscionable received and spent fractional an hr connected a telephone with Sitiveni Rabuka asking for recommendations connected however to statesman renewable vigor based bitcoin mining & the champion way for #BitcoinAdoption for Fiji 🇫🇯 #Boom pic.twitter.com/K73X4rM5YD

— Lord Fusitu'a (@LordFusitua) November 13, 2021

Other sources study that Fusitu’a had explained to Fiji’s caller premier curate via Zoom, measurement by step, however to travel El Salvador’s playbook to follow Bitcoin arsenic ineligible tender.

Will Fiji And Tonga Adopt Bitcoin As A Legal Tender?

For Tonga itself, Fusitu’a had already presented a timeline successful January this twelvemonth connected however the land federation of 106,000 radical could follow Bitcoin. According to the nobleman, the federation plans to follow BTC arsenic a ineligible tender by the 2nd 4th of 2023 and Bitcoin mining by the 3rd 4th of 2023.

The land authorities has 21 progressive volcanoes that could conscionable the population’s energy needs galore times over, offering immense imaginable for mining with volcanic energy. Fiji, which consists of 330 islands and has a colonisation of 903,000, is aiming to make each of the islands’ vigor from renewable sources by 2030 arsenic portion of a 20-year plan.

Generating energy from volcanic energy, fueled by Bitcoin mining, could beryllium an important lever for this. Moreover, the land federation has monolithic hydropower, dissimilar Tonga, arsenic Lord Fusitu’a explained.

In summation to mining, Bitcoin and the Lightning Network could make important savings potential, arsenic Fiji receives implicit 11% of its GDP from overseas remittances, according to the World Bank.

However, erstwhile Fiji’s Rabuka addressed the federation for the archetypal clip arsenic the caller premier curate connected Thursday, helium did not yet notation Bitcoin. It, therefore, remains to beryllium seen however the communicative volition unfold.

At property time, the BTC terms stood astatine $16,600.

BTC price, 1-day chart

Featured representation from Janis Rozenfelds / Unsplash, Chart from TradingView.com