El Salvador First Country to Make Bitcoin Legal Tender, Buys 400 Bitcoins

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El Salvador First Country to Make Bitcoin Legal Tender, Buys 400 Bitcoins

El Salvador became the first country on Tuesday to accept bitcoin as legal tender, NBC News reported. Businesses in the country can accept the cryptocurrency as payment alongside the U.S. dollar. President Nayib Bukele said this move will help Salvadorans save up to $400 million a year on commissions for remittance, according to reports. According to Bukele, every citizen who signs up for a government digital wallet would receive $30 in the digital currency. RELATED: BNC Exclusive: Bitcoin Pro Isaiah Jackson on Cryptocurrency and Black America 'The process of #Bitcoin in El Salvador has a learning curve. Every step toward the future is […]

The post El Salvador First Country to Make Bitcoin Legal Tender, Buys 400 Bitcoins appeared first on BNC.

Source: Black News Channel - Truth Illuminated

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