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El Salvador’s Bitcoin decision: Tracking adoption a year later
2022.09.23 11:48
El Salvador’s Bitcoin decision: Tracking adoption a year later
El Salvador, the small Central American nation that made history just over a year ago when it made (BTC), recently marked its first year of BTC adoption.
The Salvadoran government touted BTC as a tool to attract foreign investment, create new jobs and cut reliance on the United States dollar in the country’s economy at the time of adoption. Many BTC proponents and the libertarian community rallied behind the small nation despite mounting pressure from global organizations such as the World Bank and International Monetary Fund (IMF) to remove BTC as a legal tender.
Share of tourism in El Salvador’s GDP. Source: Statista
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