Adopting bitcoin el salvador

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What Bitcoin adoption is ACTUALLY like in El Salvador
Coming for its third consecutive year, the Adopting Bitcoin conference hosted by Galoy continues to support and promote the ongoing journey. The IMF asserts that the adoption of Bitcoin as legal tender raises a number of macroeconomic, financial and legal issues that require very careful analysis. In , El Salvador became the first country to adopt Bitcoin as legal tender, mandating that businesses accept the leading cryptocurrency.

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Just a few years ago, El Salvador was one of the most dangerous countries in the world. Harsh Jhaveri. I intend to continue to try and use bitcoin for commerce, and to try to educate more Salvadoran everyday people on the power of Bitcoin. Others said they did not trust the system or bitcoin, they did not own a phone with internet, or the technology was complicated.