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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...

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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.

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Bitcoin Cryptocurrency Gavin McLoughlin Newstalk Santaigo Perezm El Salvador Taking Stock

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