One country has embraced Bitcoin as legal tender “” could it happen here?

  • Date: 19-Jun-2021
  • Source: Yahoo News
  • Sector:Economy
  • Country:Middle East
  • Who else needs to know?

One country has embraced Bitcoin as legal tender “” could it happen here?

With Salvadorans ready to pay their taxes and buy pupusas with Bitcoin, crypto enthusiasts are already asking: “What country will be next?”

Depending on whom you ask, the first nation to make Bitcoin a sanctioned form of legal tender could pave the way for the world to follow suit — or it could be a short-lived experiment that will only serve to lure a few more tourists to the country's twinkling, dark-sand beaches.

Whatever the outcome, the move by El Salvador is likely to encourage more American investors to buy into the original cryptocurrency, but it may be some time before they can use it to buy a burger themselves.