We want to make Bitcoin a legal currency


Salvador President Nayib Bukele announced that his country wants to make the digital currency Bitcoin a legitimate payment method in the country, to be the first president in the world to demand it

“Next week I will send to Congress (the House of Representatives) a bill that will make Bitcoin a legitimate payment method,” Bukele said in a video clip of the “Bitcoin 2021” conference that will be held in Miami.

At the conference, billed as the largest bitcoin event in history, Bukele announced El Salvador’s partnership with digital wallet company Strike, to build the country’s modern financial infrastructure using bitcoin technology.

El Salvador is largely a cash economy, with about 70% of the population having no bank accounts or credit cards.

Remittances, or money sent home by migrants, represent more than 20% of El Salvador’s gross domestic product.


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