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Yesterday El Salvador officially adopted bitcoin as legal currency . It thus became the first country in the world to do something like this after the approval of the project last June, but the entry into force of bitcoin as legal currency has not done well for the cryptocurrency market at the moment . In fact, after reaching highs of $ 52,000 these days, in the last hours the value of bitcoin has plummeted and is currently trading at about $ 45,700 . The drop is more than 10% right now, but it reached 16% and most cryptocurrencies have been contagious again and have also suffered very significant drops. Bitcoin plummets after its rallies in recent weeks Analysts assure that the impact was expected: while in June the approval was more a declaration of intent that did not have much impact on the march of the value of the cryptocurrency market, the effective implementation of the proposal has caused important effects. . For a few moments @chivowallet will not work, we have discon...

From today, El Salvador becomes the first country in the world to accept bitcoin as legal tender . A movement approved last June at the proposal of Nayib Bukele, president of the country and the main promoter of this initiative. To launch the use of bitcoin, El Salvador has developed its own electronic wallet and has announced the acquisition of an additional 200 bitcoins . A total of 400 bitcoins that will be used to give each citizen a bonus of the equivalent of 30 dollars in the cryptocurrency through Chivo, the official application of the Salvadoran Government. El Salvador embraces bitcoin as a counterweight to its weakened financial system The objective of accepting bitcoin as an optional payment method will serve to "open more business opportunities for all types of businesses, reduce costs and attract tourists from anywhere in the world," according to the Government itself. From this moment, El Salvador becomes the first country in the world to have #Bitcoin as ...

In June of this year, El Salvador made history by passing a law to be the first country in the world with Bitcoin as its national currency. The new law will come into force on September 7, however, it is not something that convinces everyone. Salvadorans have taken to the streets in recent days protesting the speed with which the decision to adopt the cryptocurrency was made and warn of skepticism that it will be implemented. The new law will put Bitcoin in El Salvador as a currency of equal validity to the US dollar (current currency of El Salvador). While the US dollar is a stable currency that has proven its value for decades, Bitcoin stands out for its high volatility in the market. {"videoId":"x801dhd","autoplay":false,"title":"Cómo comprar Bitcoins de forma segura y sin riesgo"} Volatility and money laundering These are the two main concerns of Salvadoran citizens before the arrival of Bitcoin: the great volatili...