Last Updated on April 16, 2024 by Paganoto
In Global First, El Salvador Adopts Bitcoin as Currency
In Global First, El Salvador Adopts Bitcoin as Currency
Using the cryptocurrency would make it faster and cheaper to get remittances from abroad, he argues, and could free the indebted nation from the hold of the traditional global financial system. Making Bitcoin legal tender — alongside the dollar, which the country has relied on since 2001 — is also part of Mr.Oct 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.
Living with bitcoin as a currency: the case of El Salvador
Living with bitcoin as a currency: the case of El Salvador
The reasons for El Salvador adopting bitcoin (BTC) as legal tender include: reducing the strong reliance on the U.S. dollar in the country’s …
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.
Bitcoin Is Now Legal Tender In El Salvador – NPR
Bitcoin Is Now Legal Tender In El Salvador – NPR
Bukele previously suggested that legalizing Bitcoin would spur investment in the country and help the roughly 70% of Salvadorans who don’t have …
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 sole …
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) …
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.
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, …
Pagaonoto is an SEO editor and cryptocurrency researcher for various publications.