El Salvador Is First Country To Adopt Bitcoin Cryptocurrency As National Tender

On September 7, El Salvador became the first country in the world to accept bitcoin as legal tender. This comes despite widespread domestic skepticism about cryptocurrencies and international warnings of risks for consumers, reported AFP. “Tomorrow, for the first time in history, all the eyes of the world will be on El Salvador. Bitcoin did this” President Nayib Bukele said on Twitter on September 6. As per cryptocurrency exchange app Gemini, 400 bitcoins were trading at around $21 million. The government is installing more than 200 bitcoin teller machines, reported AFP. The government is installing more than 200 bitcoin teller machines, reported AFP. Bukele has promised $30 for each citizen who adopts the currency. Watch the video to know more.

(The above story first appeared on LatestLY on Sep 08, 2021 04:17 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).