Puerto Rico is seeking to improve its anti-corruption efforts by adopting blockchain as part of a broader effort to become a crypto and blockchain hub.
Several countries are considering launching central bank-backed cryptocurrencies that are more stable compared to other cryptos. These will give fiat currency very stiff competition.
Britain Moves Closer to Launching Official Digital Currency
A number of countries are already implementing blockchain technology with the aim of curbing corruption.
https://cointelegraph.com/news/puerto-rico-wants-to-combat-corruption-with-blockchain-technology
Blockchain is the ultimate tool for fighting corruption, especially were government agencies are concerned.
Several countries are considering launching central bank-backed cryptocurrencies that are more stable compared to other cryptos. These will give fiat currency very stiff competition.
The problem with cryptocurrencies replacing fiat money is that they are too volatile.
Cryptocurrencies are becoming increasingly popular worldwide, and top cryptos such as bitcoin might replace real currencies within no time.
https://markets.businessinsider.com/news/cryptocurrencies/bitcoin-vs-fiat-global-finance-2050-crypto-experts-finder-2021-7