What El Salvadors Bitcoin Law Brought – Bitcoin Magazine

Facebook
Twitter
LinkedIn

This is an opinion editorial by Gaby Vivas, an entrepreneur in Latin America providing outsourcing services worldwide and a long-term investor in bitcoin.

El Salvador made history by becoming the first state to use bitcoin as legal tender when it was officially announced by their president in June 2021.

The Salvadoran government approved bitcoin as legal tender in a country with almost 70% of people outside of the banking system and a large portion of their productive population living abroad since 2006. Bitcoin as legal tender addresses these two issues.

Source link

More to explorer

Leave a Comment