โ ExplanationBuildingInvesting & Markets โบ Crypto & Digital Assets
El Salvador's Bitcoin Sovereign Experiment: Volatility, Chivo Wallet, and Debt Market Realities
In September 2021, El Salvador became the first nation to adopt Bitcoin as legal tender alongside the US Dollar. Promoted as a tool for financial inclusion and cheaper remittances, the experiment faced low domestic adoption, international credit rating downgrades, and complex negotiations with the IMF.
6mยท๐ 0