El Salvador becomes first nation to accept Bitcoin

 

 El Salvador’s President Nayib Bukele on Wednesday signed into law a proposal to adopt Bitcoin as legal tender, making the Central American nation the first in the world to officially use the cryptocurrency. El Salvador Congress voted 62-22 to approve the proposal, Mr. Bukele said on Twitter, calling the move a historic decision.

President Bukele said before the vote that accepting Bitcoin will benefit El Salvador’s finance, investment, tourism, and innovation. Trading by Bitcoin is the fastest way to receive billions of dollars without millions being lost to intermediaries, he added.

 

Source: VOV5

Author: web Desk

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