Login Subscribe

Press Release
Published September 13, 2021
View complete press releases list

El Salvador becomes first country to adopt bitcoin as legal tender

Date: September 13, 2021
Categories: Financial Technology
Keywords:


In a bid to promote financial inclusion, open up more opportunities and modernise businesses, El Salvador became the first country in the world to adopt bitcoin as legal tender. The government has already acquired 400 bitcoins and has developed technology and established a regulatory framework for the implementation of this initiative. The goal is to benefit all and for operations to be as safe as it is efficient. Those who make the decision to use bitcoin will eventually be able to convert their cryptocurrencies to cash immediately and, through the Chivo Wallet environment, it will be commission free. 

 

Re-disseminated by The Asian Banker from Presidencia de la República de El Salvador

Keywords:


In a bid to promote financial inclusion, open up more opportunities and modernise businesses, El Salvador became the first country in the world to adopt bitcoin as legal tender. The government has already acquired 400 bitcoins and has developed technology and established a regulatory framework for the implementation of this initiative. The goal is to benefit all and for operations to be as safe as it is efficient. Those who make the decision to use bitcoin will eventually be able to convert their cryptocurrencies to cash immediately and, through the Chivo Wallet environment, it will be commission free. 

 

Re-disseminated by The Asian Banker from Presidencia de la República de El Salvador

-->