Makes perfect sense.

The North Pole has no land or government. It's pro elf slavery. Of course they don't have their own money.

For the first time you can directly bribe pay Santa.

Now he's going to undercut the competition using a combination of magic and slavery, the best combo.

I'm glad Santa has become a Bitcoiner. It really shows that Bitcoin is the best way to do money whether you're nice (giving away gifts) or naughty (uses slavery to produce gifts).