El Salvador Has Unexpected Benefit From Bitcoin Adoption

Published by
The Street

By Tony Owusu El Salvador began accepting bitcoin as legal tender in September. Nearly six months after El Salvador introduced bitcoin as legal tender in the country, tourism has exploded, rebounding from pandemic lows and providing a windfall for the country. El Salvador was the first country to adopt the cryptocurrency as legal tender as the government “looked to achieve financial freedom for as many people as possible.” Since the decision, bitcoin prices have experienced their trademark volatility with the crypto currency starting September at nearly $49,000, peaking at $69,000 in November,…

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