Egypt is set to take the first steps towards becoming the first country in the world to accept bitcoin as a form of payment.
On January 12, the Egyptian government will introduce the first digital currency payment service, allowing users to transfer money from the country’s existing bank accounts to bitcoin.
The government also plans to launch a bitcoin debit card.
The government is also set to introduce a bitcoin payment card service.
A few weeks after the launch of the service, the country also announced the launch on April 3 of the first bitcoin debit cards.
Egypt has seen a boom in bitcoin adoption over the past few years, with bitcoin payments growing from $15 million to $2.5 billion in just the last year.
According to the latest data from CoinMarketCap, Egypt’s bitcoin payments amounted to $3.2 billion in 2016, making it the second-largest bitcoin-accepting country in terms of the number of transactions.
The country’s first bitcoin payment was made in February, while the first ever bitcoin debit was issued in March.
While Egypt is the first of the world’s five bitcoin-friendly countries to officially introduce a payment system that allows bitcoin, the new service is just the first step in the countrys plans to become the first nation in the region to accept the cryptocurrency.
More:The Egyptian government’s first digital payment card, launched in February 2016, allows users to send money from existing bank account to bitcoin by using a smartphone app.
There are a few caveats to this plan.
For one, Egypt is not yet a country that has established a formal bitcoin exchange.
That said, the government is considering creating a new platform to accept bitcoins as payment.
Egypt has been experimenting with digital currency services for years, and the government has been looking at ways to further legitimize bitcoin and its potential for economic growth.
Additionally, the decision to launch the first service will require that the country comply with regulations regarding digital currencies, and there are many obstacles that the government will need to overcome in order to implement bitcoin payments.
At this point, it’s too early to tell whether the new payment service will help the Egyptian economy and ease inflationary pressures in the short-term, but it could give the country more legitimacy in the long-term.