Cryptocurrency Q&A
Why did El Salvador adopt bitcoin as legal tender?
Why did El Salvador adopt bitcoin as legal tender?
Martina
Mon Nov 25 2024
|
6 answers
1071
I'm curious about the reasons why El Salvador chose to adopt Bitcoin as a legal tender. I want to understand the background and motivations behind this decision.
6 answers
EnchantedSeeker
Tue Nov 26 2024
Economist Cesar Villalona shared his insights with AFP.
Was this helpful?
375
49
Tommaso
Tue Nov 26 2024
According to Agence France-Presse, El Salvador made a bold decision two years ago.
Was this helpful?
371
58
BitcoinWarrior
Tue Nov 26 2024
Despite numerous warnings, the country adopted Bitcoin as legal tender.
Was this helpful?
69
70
Daniele
Tue Nov 26 2024
He stated that Bitcoin "does not exist" in the practical sense for the majority of Salvadorans.
Was this helpful?
42
87
Giulia
Tue Nov 26 2024
The move was aimed at revitalizing the economy and improving financial access.
Was this helpful?
91
56
Load 5 more related questions
