Bitcoin gold coin and defocused chart background. Virtual cryptocurrency concept. El Salvador officially adopted bitcoin as its national currency Tuesday. First the country announced its Bitcoin law back in June.
El Salvador President Nayib Bukele said that the country purchased 400 bitcoins, worth around $20 million. Yet, according to the World Bank , only 30% of Salvadorans even had a bank account in 2017. The country’s internet connection isn’t much better, either. According to a 2020 study , El Salvador had the second lowest internet penetration across Latin America and the Caribbean. Since the law came into effect, the country […]
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