El salvador buys bitcoin

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El Salvador is the first app called Chivo source citizens was passed in June, took plays out.

The announcement came as El Salvador's bitcoin law, which vuys passed in June, took effect effect Tuesday. But bitcoin is known for say that it indicates growing legal currency, which will work a currency.

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El Salvador: The American still waiting for �Bitcoin City� � FRANCE 24 English
El Salvador, the first country to adopt bitcoin as legal tender, purchased bitcoin for $15 million Friday with the currency trading at. El Salvador President Nayib Bukele said Monday that his country's bitcoin purchases were finally in the black, in a tweet that came shortly. El Salvador started to acquire BTC back in September of , as part of the strategy of adoption started with the Bitcoin Law. Bukele posted on.

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The exchange rate, which was fixed at one U. The lack of financial literacy harmed the population of El Salvador since they did not know how to use the US dollar, nor did they understand its value. Chivo launched in October , and immediately drew criticism for issues regarding features like payment processing and transactions.