El Salvador marks 1st year of Bitcoin use as confidence wanes

Summary by Ground News

El Salvador became the first country to accept Bitcoin as legal tender, alongside the US dollar that has been the official currency for two decades. The move was designed to encourage a population where only 35 percent of people owned an account at a financial institution in 2021. All seemed rosy for the first few months as citizens enthusiastically embraced the new opportunity. But Bitcoin's value has plummeted since and some experts say the move has been a failure.

3 months ago·San Salvador, El Salvador

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IBTimes

El Salvador Marks 1st Year Of Bitcoin Use As Confidence Wanes

El Salvador marks 1st year of Bitcoin use as confidence wanes

3 months ago·United States

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Bangkok Post

El Salvador marks 1st year of Bitcoin use as confidence wanes

EL ZONTE, El Salvador: A year ago, El Salvador began accepting Bitcoin as legal tender following a controversial and much-criticised decision by President Nayib Bukele.

3 months ago·กทม, Thailand

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The Guardian Nigeria

El Salvador marks 1st year of Bitcoin use as confidence wanes

A year ago, El Salvador began accepting Bitcoin as legal tender following a controversial and much-criticized decision by President Nayib Bukele.

3 months ago·Nigeria

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France24

El Salvador marks 1st year of Bitcoin use as confidence wanes

A year ago, El Salvador began accepting Bitcoin as legal tender following a controversial and much criticized decision by President Nayib Bukele.

3 months ago·France

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Taipei Times

Confidence in bitcoin wanes in El Salvador

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3 months ago·Taipei, Taiwan

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Capital FM Kenya

El Salvador marks 1st year of Bitcoin use as confidence wanes

A year ago, El Salvador began accepting Bitcoin as legal tender following a controversial and much criticized decision by President Nayib Bukele © AFP / MARVIN RECINOS, MARVIN RECINOSEl Zonte (El Salvador) (AFP), Sep 7 – A year ago, El Salvador began accepting Bitcoin as legal tender following a controversial and much criticized decision by President Nayib Bukele.All seemed rosy for the first few months as citizens enthusiastically embraced the …

3 months ago·Nairobi, Kenya

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