El Salvador becomes first country to make bitcoin legal tender

The Manila Times
The Manila Times
  • 3 years ago
El Salvador becomes first country to make bitcoin legal tender

On 7 September 2021, El Salvador became the first country to embrace bitcoin as legal tender. Consumer demand saw its brand-new cyber wallet system crash on its first day of use as the currency's value seesawed against the US dollar. While thousands of Salvadorans are already using the cryptocurrency for everyday transactions, hundreds have taken to the streets to protest with concerns about the safety and legitimacy of the cyber currency.

Video by AFP

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