See every side of every news story
Published loading...Updated

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.

17 Articles

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 71% of the sources are Center
71% Center
Factuality

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

BFM TV broke the news in France on Tuesday, September 6, 2022.
Sources are mostly out of (0)

You have read 1 out of your 5 free daily articles.

Join millions of well-informed readers who use Ground to compare coverage, check their news blindspots, and challenge their worldview.