Last Updated on November 8, 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
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 …
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.
Six months in, El Salvador's bitcoin gamble is crumbling
Six months in, El Salvador's bitcoin gamble is crumbling
The law made El Salvador the first country to accept Bitcoin as legal tender and required businesses to accept it as payment.
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 adoption of bitcoin as legal tender is pure folly
El Salvador's adoption of bitcoin as legal tender is pure folly
But President Nayib Bukele instead decided to designate both bitcoin and the dollar as legal tender. The logic behind that decision is surreal.
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.
One year Since El Salvador announced Bitcoin adoption …
One year Since El Salvador announced Bitcoin adoption …
Bukele stuck to his word, making El Salvador the first nation to adopt bitcoin as a legal tender on September 7, 2021.
Why has El Salvador officially adopted bitcoin as its currency?
Why has El Salvador officially adopted bitcoin as its currency?
El Salvador is the first country to adopt the cryptocurrency bitcoin as legal tender, but other nations may follow suit.
Pagaonoto is an SEO editor and cryptocurrency researcher for various publications.