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Published 2 years ago

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.

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IBTimesIBTimes

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

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

2 years ago·United States
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The Guardian NigeriaThe 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.

2 years ago·Nigeria
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Bangkok PostBangkok 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.

2 years ago·กทม, Thailand
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France24France24

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.

2 years ago·France
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Taipei TimesTaipei Times

Confidence in bitcoin wanes in El Salvador

Bringing Taiwan to the World and the World to Taiwan

2 years ago·Taipei, Taiwan
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BFM TVBFM TV

Bitcoin as a legal currency in El Salvador: one year on, the time of the balance sheet

A year after the adoption of bitcoin as a legal currency in El Salvador, residents are divided between disillusionment and hope of a rebound.

2 years ago·France
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Latin AmericaLatin America
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