In a recent announcement by the El Salvadorian government, the government has stated that the Bitcoin adoption law is going as smoothly as planned. As per the tourism minister of El Salvador, Morena Valdez, a rise in tourism by 30% was seen since the law was passed way back in September 2021. The tourism department has recorded a tourist count of a whopping 1.4 million which is way more than the expected 1.1 million. Surprisingly,…
We are sure that most of you from the crypto sphere already know the name of El Salvador. Well, why wouldn’t you? After all, it was the first country to go against all odds to adopt Bitcoin as a legal tender. Thus, becoming a prime example to the world on crypto adoption. Well, this did not end here, the country’s President Nayib Bukele later further announced that the government is planning to harness the safe…
Gone are those days when people had to wait in queues for opening a bank account. Yes, you heard me right. In nations like El-Salvador, the Chivo Wallet app witnessed 500,000 registrations in just a week despite being an optional payment method. This brought up a total of over half a million total users in a nation of only 6.6 million people. That’s like 25% of the nation having a Bitcoin Wallet. A couple of…
When rest of the crypto community around the globe is lauding El Salvador for achieving a daring feat such as becoming the first country in the world to accept Bitcoin as a legal tender. There is totally a different scenario going on in El Salvador. This scenario includes multiple large scale protests, riots and now an investigation. Yes, you read that right, these protests and riots are targeted against the new Bitcoin law by none…
El Salvador, the first country to accept Bitcoin as a legal tender. This was one of the most talked-about topics at the time when the El Salvador government introduced a bill in their Parliament proposing Bitcoin to become a legal tender in the country and later passing the bill with a good majority in June. The whole crypto community lauded this spectacular development and everybody started talking about how it would benefit El Salvador and…
Most people from the crypto realm have already heard about the country El Salvador, the country that recently became the first to adopt Bitcoin as a legal tender. However, we are sure most of you don’t know how it all began that lead to this historical moment. So, today we will explore some of the past events that took place in El Salvador, that may have paved the way for this historical moment and possibly…
