Congrats to El Salvador!

Congrats to El Salvador!

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  1. tldr; El Salvador’s President Nayib Bukele last month announced that he would make bitcoin, the world’s largest cryptocurrency, the country’s national currency, on a par with the current legal tender, the US dollar. The government set aside $150 million, equivalent to 12% of El Salvador’s public investment budget, to ensure the free convertibility of bitcoin into US dollars. It also gave $30 in bitcoin to every Salvadoran who adopts the wallet.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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