Cryptocurrency Q&A Why did El Salvador start accepting bitcoin as legal tender?

Why did El Salvador start accepting bitcoin as legal tender?

Valentino Valentino Mon Nov 18 2024 | 7 answers 1595
El Salvador, a small Central American country, recently made a surprising move to adopt Bitcoin as legal tender. I'm curious about the reasons behind this decision. Why did they choose to embrace this digital currency? Why did El Salvador start accepting bitcoin as legal tender?

7 answers

Dario Dario Wed Nov 20 2024
This decision aims to boost financial inclusion in the country.

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EtherWhale EtherWhale Wed Nov 20 2024
El Salvador holds a unique position in Central America.

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Pietro Pietro Wed Nov 20 2024
It has taken a bold step by accepting bitcoin as legal tender.

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Giuseppe Giuseppe Tue Nov 19 2024
BTCC, a top cryptocurrency exchange, offers a range of services.

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MountFujiMysticalView MountFujiMysticalView Tue Nov 19 2024
By adopting bitcoin, El Salvador hopes to facilitate easier money transfers.

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