Advertisement

El Salvador's Adoption of Bitcoin - Why Have They Done It & How Will It Work?

Earlier this month, El Salvador became the first country in the world to adopt bitcoin as legal t...

Share this article

19.59 23 Sep 2021


El Salvador's Adoption of Bitcoin - Why Have They Done It & How Will It Work?



Share this article

19.59 23 Sep 2021


Earlier this month, El Salvador became the first country in the world to adopt bitcoin as legal tender.

The country's president, Nayib Bukele, has claimed that this would not only help the economy but also give countless Salvadorans access to bank services for the first time.

But what does this mean for the citizens of El Salvador on a day-to-day basis and what could the social, economic, and political ramifications be further down the line?

To discuss, Gavin McLoughlin was joined by Santiago Perez, Deputy Editor, Latin America at The Wall Street Journal.

Taking Stock with on Apple PodcastsGoogle Podcasts and Spotify.

    

Download, listen and subscribe on the Newstalk App.

   

You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.


Read more about

Bitcoin Cryptocurrency Gavin McLoughlin Newstalk Santaigo Perezm El Salvador Taking Stock

Related Episodes

Winners and Sinners

00:27:05

Winners and Sinners

The Hard Shoulder Highlights

00:27:05


How do you settle the bill? -...

00:09:58

How do you settle the bill? - Henry McKean Asks

The Hard Shoulder Highlights

00:09:58


You Are What You Eat: Crab

00:10:43

You Are What You Eat: Crab

The Hard Shoulder Highlights

00:10:43


Sport with Ger Gilroy

00:07:56

Sport with Ger Gilroy

The Hard Shoulder Highlights

00:07:56