Wikipedia has listed Bitcoin (BTC) as one of El Salvador’s official currencies —shortly after, the country turned BTC into an official legal tender approved by a supermajority in the Salvadoran Congress. Wikipedia now lists #Bitcoin as El Salvador’s currency. pic.twitter.com/JfbdoeBumB — Documenting Bitcoin ? (@DocumentingBTC) June 9, 2021 El Salvador became the first country to accept Bitcoin as a legal tender. It will take 90 days for the law to be enacted, which will allow merchants and the general population to prepare. Besides, the country will grant citizenship to anyone that invests Bitcoin into the nation’s economy. The recent adoption by less-developed countries has given a lot of discussion to the crypto community. Many at first thought that first-world
Topics:
Jose Oramas considers the following as important: AA News, Bitcoin (BTC) Price, BTCEUR, BTCGBP, btcusd, btcusdt
This could be interesting, too:
Chayanika Deka writes Chinese E-commerce Giant Alibaba Downsizing Metaverse Unit to Streamline Operations: Report
Wayne Jones writes Binance Co-Founder Clarifies Asset Listing Policies, Dispels FUD
Wayne Jones writes Bitcoin Poised for 0K, Trump Win May Be Short-Term Catalyst, Says Analyst
Chayanika Deka writes Financial Nihilism Fuels Meme Coin Frenzy as Traditional Finance Loses Appeal: Binance
Wikipedia has listed Bitcoin (BTC) as one of El Salvador’s official currencies —shortly after, the country turned BTC into an official legal tender approved by a supermajority in the Salvadoran Congress.
Wikipedia now lists #Bitcoin as El Salvador’s currency. pic.twitter.com/JfbdoeBumB
— Documenting Bitcoin ? (@DocumentingBTC) June 9, 2021
- El Salvador became the first country to accept Bitcoin as a legal tender. It will take 90 days for the law to be enacted, which will allow merchants and the general population to prepare.
- Besides, the country will grant citizenship to anyone that invests Bitcoin into the nation’s economy.
- The recent adoption by less-developed countries has given a lot of discussion to the crypto community. Many at first thought that first-world countries would be the first to pass laws to adopt Bitcoin as a legal tender or use blockchain technology.
- But cryptocurrencies have proven to be alternative store values and a way to protect oneself from hyperinflation. Soon after El Salvador announced Bitcoin as a legal Tender, Paraguay started working on projects involving Bitcoin and PayPal. Likewise, Panamá is working on a proposal to embrace BTC and other cryptos as well.