El Salvador has used the U.S. Dollar as official currency since 2001, which Bitcoin will join, not replace. The vote marks a major milestone in monetary history and could be afor business worldwide as Bitcoin becomes a more practical asset and the Central American state a cryptocurrency hub. The support of a nation state also could go a long way to dispel widespread skepticism of Bitcoin's long term utility and acceptance, though fears will remain over the token’s volatility.
with ambitions the nation has with the International Monetary Fund, where it is seeking a $1 billion program.
Nice try , i don't think it will minimise the gap Elon created. Bitcoin doesn't have an economic ecosystem to stabilize it. The trust is already broken
Since only the president, his family, friends and entourage can have them, what a great idea. Is it not the poorest country in the world with the highest per capita murders!? Lol. Sure everyone that is corrupt in El Salvador is thrilled with the policy
History created, others will follow.
Scary
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