El Salvador became the first country in the world to adopt bitcoin as legal tender after Congress on Wednesday approved President Nayib Bukele’s proposal to embrace the cryptocurrency, a move... Who's Online | Find Members | Private Messages
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El Salvador first country in the world to use Bitcoin as legal tender

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1 month ago - Sunday 6/13/21 - 11:11:25 PM EST (GMT-5)
El Salvador became the first country in the world to adopt bitcoin as legal tender after Congress on Wednesday approved President Nayib Bukele’s proposal to embrace the cryptocurrency, a move that delighted the currency’s supporters.

With 62 out of 84 possible votes, lawmakers voted in favor of the move to create a law to adopt bitcoin, despite concern about the potential impact on El Salvador's program with the International Monetary Fund.

Bukele has touted the use of bitcoin for its potential to help Salvadorans living abroad to send remittances back home, while saying the U.S. dollar will also continue as legal tender. In practice, El Salvador does not have its own currency.

https://www.reuters.com/world/ameri...
1 month ago - Tuesday 6/15/21 - 11:57:04 AM EST (GMT-5)
I can see more and more countries going to cryptocurrency
1 month ago - Tuesday 6/15/21 - 12:06:22 PM EST (GMT-5)
I always heard that crypto was going to be particularly beneficial to developing countries that lacked existing infrastructure.
1 month ago - Wednesday 6/16/21 - 5:14:43 PM EST (GMT-5)
Bitcoin is a terrible currency. In fact I can’t think of much Bitcoin is useful for other than transferring wealth from tech rubes to grifters.
1 month ago - Thursday 6/17/21 - 10:58:00 AM EST (GMT-5)
It's good for buying drugs and child cinema for adult viewing



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