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How is El Salvador embracing Bitcoin as legal tender?

avatarBui HowardNov 29, 2021 · 3 years ago1 answers

Can you explain how El Salvador is adopting Bitcoin as a legal form of currency?

How is El Salvador embracing Bitcoin as legal tender?
Bitcoin
El Salvador
Legal Tender

1 answers

  • avatarNov 29, 2021 · 3 years ago
    El Salvador's decision to adopt Bitcoin as legal tender has generated a lot of interest and debate. The government hopes that this move will attract foreign investment, boost the economy, and provide financial services to the unbanked population. However, there are concerns about the potential risks and volatility associated with Bitcoin. It will be interesting to see how this experiment plays out and whether other countries will follow El Salvador's lead.

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