Bitcoin is legal currency in El Salvador
The Central American nation has the Bitcoin Law, which allows, from today, September 7, the use of the main cryptocurrency in the market as a means of exchange
The Bitcoin Law enters into force today in El Salvador to adopt cryptocurrency as a means of legal exchange in the Central American country. A range of economic possibilities opens up for Salvadoran citizens and for the economy in general, without neglecting controversies and positions contrary to the measure.
The president of the nation, Nayib Bukele, has been active since the early hours through his account on the social network Twitter, due to the entry into force of the legal course of bitcoin in El Salvador.
He has made reference to the benefits for the country of the adoption of this cryptocurrency for commercial transactions, making mention of the Chivo wallet, the availability for Apple, Google and Huawei, among others.
The comments and congratulations to the country for this step towards the adoption of cryptocurrencies have not been long in coming, as is the case with the crypto exchange Binance.
Welcome to #Bitcoin, El Salvador. pic.twitter.com/OYpBzpzQ9d
— Binance (@binance) September 7, 2021
The entry into force of bitcoin as a legal tender in El Salvador is the first step in a process of insertion in the fintech universe, where the country is a pioneer. The road ahead is just beginning; the cards are on the table and the progressive adjustment of this measure to the daily life of Salvadorans is expected.
M. Pino
With information from international media and social networks
