What is the practicality of El Salvador adopting a national digital currency?
El Salvador's congress voted to accept the Cryptocurrency and won a supermajority of 62 out of 84 votes.To get more news about BSV , you can visit wikibit.com official website. Starting in September, El Salvador will soon have two official currencies: the U.S. dollar (USD) and bitcoin (BTC). In what is likely an unprecedented move for any nation worldwide, both USD and BTC can be used interchangeably within all government transactions — and this will likely make the nation a world leader in an increasingly digital era. Why Did El Salvador Move to Cryptocurrency? According to a tweet from president Bukele, moving to cryptocurrency would promote “FINANCIAL inclusion, investment, tourism, innovation, and economic development for our country.” And he does have some facts and figures to support his claim. Some 70% of El Salvadorians are unbanked, meaning they dont have even a basic bank account. This means that 70% of citizens will always be one step behind, no matter how har