Lens1000
VIP Contributor
El Salvador was the first country that adopted bitcoin as a legal tender and it has been a major ups and downs for the country since the adoption in September, 2021. The president remain resilience despite the dwindling bitcoin. He made it known that the adoption has impacted positively to the economy of El Salvador.
The impact may not be in the price of bitcoin that as declined but was felt on the economy of the country. Recently, a poll conducted revealed that the tourism sector of the economy recorded a boost by 10$ since the adoption in September. Many are now aware of the economic benefits of bitcoin.
It will help to fight inflation to the barest minimum. The inflation is tagged the greatest enemy of the economy, bitcoin is a great instrument that could be employed to kickout inflation.
The bitcoin adoption would also create employment for Salvadorians. I know fully well that many of the citizens will be gainfully employed in one or two cryptocurrency companies in the country.
How do you see the benefits of bitcoin in the economy of El Salvador?
The impact may not be in the price of bitcoin that as declined but was felt on the economy of the country. Recently, a poll conducted revealed that the tourism sector of the economy recorded a boost by 10$ since the adoption in September. Many are now aware of the economic benefits of bitcoin.
It will help to fight inflation to the barest minimum. The inflation is tagged the greatest enemy of the economy, bitcoin is a great instrument that could be employed to kickout inflation.
The bitcoin adoption would also create employment for Salvadorians. I know fully well that many of the citizens will be gainfully employed in one or two cryptocurrency companies in the country.
How do you see the benefits of bitcoin in the economy of El Salvador?
