Bitcoin Gets Its New Investor; El Salvador To Accept Cryptocurrency
Nayib Bukele, the President of El Salvador, announced on September 6 that Salvador bought its first 200 bitcoins. On September 7, El Salvador is likely to legalize bitcoin & accept cryptocurrency as legal tender. This move is expected to bring more people into the financial system & save money on remittances. However, Salvadorans are apprehensive of adopting bitcoin because of its volatility & risks.