The Palestinian people under the blockade have turned to Bitcoin and other digital currencies.
The narrowing of the area in the country has also negatively affected the local financial network. Gazans, who are trying to protect their independence, are increasing their interest in crypto money.
Palestinian People Are Interested in Digital Currencies
Due to the Israeli and Palestinian conflicts that have been going on for many years, the people have difficulties in accessing many things. Gaza, one of the regions most affected by the war, has been besieged since 2007.
In such an environment, the economy in the country is paralyzed. Local people sought new alternatives to protect and generate their wealth. Cryptocurrency is among these alternatives.
In an interview with Gaza Strip residents, National News witnessed a growing interest in cryptocurrencies.
One of the Palestinians interviewed pointed out that his lifestyle has completely changed after his introduction to digital money:
“My destiny changed when I learned to invest in Bitcoin and started selling makeup products online”
Palestinian Dr. Tariq Dana believes locals are turning to crypto on the grounds that it is a way to gain independence from Israel’s financial regulations.
Another Palestinian commented on the growing interest in cryptos:
“It is encouraging enough that the decentralized status of cryptocurrencies allows us Palestinians to generate income through an independent platform.”
Palestinian businessman Haitham Zuhair spoke about the fall of Bitcoin:
“I am confident that the drop in Bitcoin price has cost many traders in Gaza dearly. Because their initial investments and capital are not as high as it seems.”
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