Bitcoin Crashes After El Salvador Adopts It as National Currency

Published by
The Daily Scrum News

Reading Time: 2 minutes Hours after El Salvador made Bitcoin legal tender, the cryptocurrency fell in price.On Tuesday Morning, September 7th, 2021, El Salvador became the first country to adopt Bitcoin as an official currency. The dollar is now legal tender throughout the entirety of the country. Yet despite months of planning, numerous errors occurred on launch day. Many Salvadorians had issues starting their cryptocurrency accounts. Citizens were promised 30 USD worth of Bitcoin from the El Salvadorian government on the digital wallet app Chivo. This app was pulled from popular app stores b…

Read More