Billionaire pitches Bitcoin to Sri Lanka, gets snubbed

📆 2/3/2023 3:35 PM
📰 CryptoAmb

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Billionaire investor Tim Draper recently pitched Bitcoin adoption to Sri Lankan officials. The pitch was shot down by the Governor of the Central Bank. Pro-crypto investor Tim Draper’s recent trip to Sri Lanka is making headlines after the Silicon Valley billionaire’s Bitcoin pitch for the embattled island nation was rejected. Draper was in Sri Lanka […]

After meeting with the President, Draper sat down with Governor Nandalal Weerasinghe. However, as the man responsible for sorting out the country’s financial mess, the governor had little patience for Tim Draper’s Bitcoin pitch.To this, the Governor simply replied,Despite the Governor’s reluctance, Draper tried to bring his attention to the rampant corruption in Sri Lanka. He advocated that only Bitcoin adoption could solve the country’s corruption.

The meeting, which lasted 30 minutes, saw Draper make several attempts to attract some confidence in his Bitcoin pitch. When asked by Draper about the advantages of having their own currency, the Governor replied that it was necessary for monetary policy independence, saying,Read the best crypto stories of the day in less than 5 minutes

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