Bitcoin Listed as El Salvador’s Currency on Wikipedia

Bitcoin Listed as El Salvador's Currency on Wikipedia

Wikipedia has listed Bitcoin (BTC) as one of El Salvador’s official currencies —shortly after, the country turned BTC into an official legal tender approved by a supermajority in the Salvadoran Congress.

  • El Salvador became the first country to accept Bitcoin as a legal tender. It will take 90 days for the law to be enacted, which will allow merchants and the general population to prepare. 
  • Besides, the country will grant citizenship to anyone that invests Bitcoin into the nation’s economy.
  • The recent adoption by less-developed countries has given a lot of discussion to the crypto community. Many at first thought that first-world countries would be the first to pass laws to adopt Bitcoin as a legal tender or use blockchain technology. 
  • But cryptocurrencies have proven to be alternative store values and a way to protect oneself from hyperinflation. Soon after El Salvador announced Bitcoin as a legal Tender, Paraguay started working on projects involving Bitcoin and PayPal. Likewise, Panamá is working on a proposal to embrace BTC and other cryptos as well. 

Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

GIPHY App Key not set. Please check settings

What do you think?

china police

China’s Xinjiang Region to Suspend Bitcoin Mining

Alpha Impact Brings Professional Trading Strategies to Everyone

BSC Is on Fire: Projects Migrate to a New Ecosystem