How El Salvador Will Benefit From Adopting Bitcoin

Bitcoin Magazine

Tomorrow, history will be made as El Salvador becomes the first country in the world to adopt bitcoin as legal tender. In a move of empowerment, the small Central American government will take a leap of courage to strengthen its economy and democratize financial sovereignty to its people.

Access to the traditional banking system is limited in El Salvador as over 70% of the population doesn’t have a bank account. But starting tomorrow, millions of Salvadorans will be able to legally use bitcoin for storing and transacting value, cutting down some hurdles and increasing access to financial services.

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