Last Updated on October 17, 2023 by Paganoto
El Salvador bitcoin experiment not saving country's finances
El Salvador bitcoin experiment not saving country's finances
In Sept. 2021, El Salvador became the first country to adopt bitcoin as legal tender. The initiative involved buying bitcoin with public funds, as well as launching a national virtual wallet called “chivo” (Salvadoran slang for “cool”) that offers no-fee transactions and allows for quick cross-border payments.Jun 25, 2022
El Salvador's Bitcoin Bet Isn't Paying Off – The New York Times
El Salvador's Bitcoin Bet Isn't Paying Off – The New York Times
A Poor Country Made Bitcoin a National Currency. The Bet Isn’t Paying Off. It brought El Salvador’s president, Nayib Bukele, the adulation …
What the crypto collapse means for El Salvador's economy
What the crypto collapse means for El Salvador's economy
In 2021, El Salvador became the first country to adopt Bitcoin as currency. NPR’s Adrian Florido asks business professor Julio Sevilla how …
Six months in, El Salvador's bitcoin gamble is crumbling
Six months in, El Salvador's bitcoin gamble is crumbling
When El Salvador officially made Bitcoin legal tender in September 2021, José Bonilla was one of the first citizens to sign up for a …
Bitcoin: Will El Salvador's big crypto gamble pay off? – BBC
Bitcoin: Will El Salvador's big crypto gamble pay off? – BBC
The decision by President Nayib Bukele to make the cryptocurrency legal tender means that in theory it must now be accepted by all businesses, …
IMF urges El Salvador to remove Bitcoin as legal tender – BBC
IMF urges El Salvador to remove Bitcoin as legal tender – BBC
When El Salvador introduced the virtual currency as a legal tender, the government released a new digital wallet app, giving away $30 (£22) …
Why has El Salvador officially adopted bitcoin as its currency?
Why has El Salvador officially adopted bitcoin as its currency?
Every Salvadoran has been gifted $30 in bitcoin (the US dollar is the nation’s other official currency) and can now shop or pay their taxes with …
El Salvador's law: a meaningful test for Bitcoin – PwC
El Salvador's law: a meaningful test for Bitcoin – PwC
On June 9th, 2021, El Salvador’s government published in the official gazette the legislation making the digital currency Bitcoin legal tender within the …
El Salvador Botches Bitcoin Adoption – Foreign Policy
El Salvador Botches Bitcoin Adoption – Foreign Policy
On June 5, El Salvador President Nayib Bukele declared that bitcoin, the first cryptocurrency, would become legal tender in El Salvador.
Pagaonoto is an SEO editor and cryptocurrency researcher for various publications.