El salvador currencies bitcoin

el salvador currencies bitcoin

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As of today, Bitcoin is an official currency of El Salvador alongside the US dollar, EU tech policy, online platforms, and mechanical keyboards. PARAGRAPHBy Jon Portera reporter with five years of experience covering consumer tech releases, after the Central American country became the first to adopt.

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El Salvador Adopted Bitcoin As A National Currency. Here�s How It�s Going.
El Salvador, which became the first country in the world to recognise Bitcoin as a legal tender two years ago, has approved a law that would. The use of bitcoin in El Salvador appears to be low, as the currency has lost about 60% of its value since the experiment started and the. El Salvador became the first country to make bitcoin legal tender; not only must bitcoin be accepted as a means of payment for taxes and debts.
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From my time living in the country so far, the potential for bitcoin to succeed as a currency is evident, but whether the average Salvadoran will embrace it is still yet to be determined. Retrieved 15 January Today El Salvador builds on our first-mover advantage by passing landmark legislation establishing a legal framework for all digital assets that are not bitcoin. Similarly, the transaction fees associated with transferring or accessing your wealth can be both onerous and inefficient.