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what happened salvador adopted bitcoin currency

Last Updated on February 24, 2023 by Paganoto

In Global First, El Salvador Adopts Bitcoin as Currency

In Global First, El Salvador Adopts Bitcoin as Currency

MEXICO CITY — El Salvador on Tuesday became the first country to adopt Bitcoin as legal tender, allowing the cryptocurrency to be used in any transaction, from buying a cup of coffee to paying taxes.Oct 7, 2021

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 adoption of bitcoin as legal tender is pure folly

El Salvador's adoption of bitcoin as legal tender is pure folly

El Salvador already accepted this when it adopted the dollar. The costs would be even greater if a currency as unstable as bitcoin were 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.

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, …

El Salvador's world-first adoption of bitcoin endures bumpy …

El Salvador's world-first adoption of bitcoin endures bumpy …

SAN SALVADOR, Sept 7 (Reuters) – El Salvador’s historic adoption of bitcoin as legal tender on Tuesday was beset by teething problems, …

El Salvador's President Bukele Uses Bitcoin for a Rebrand

El Salvador's President Bukele Uses Bitcoin for a Rebrand

El Salvador’s adoption of bitcoin as legal tender on Sept. 7 makes it a crypto-pioneer. But its president is also dismantling democracy.

How Bitcoin Has Behaved After El Salvador … – NDTV.com

How Bitcoin Has Behaved After El Salvador … – NDTV.com

When El Salvador announced in June that it would adopt Bitcoin as legal tender, alongside the US dollar, it was met with excitement and …

El Salvador Adopted Bitcoin As A National Currency. Here's …

El Salvador Adopted Bitcoin As A National Currency. Here's …

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 …