Daniela
Tue Jul 09 2024
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6 answers
1079
Why did El Salvador become the first country to adopt bitcoin?
Could you elaborate on the reasons behind El Salvador's groundbreaking decision to become the first country in the world to adopt bitcoin as a legal tender? Was it a strategic move to capitalize on the potential growth of digital currencies? Or did the government recognize the potential benefits in terms of financial inclusion, reduced transaction costs, and increased transparency? Additionally, what were the internal and external factors that influenced this decision? Did the government consult with experts in the field of cryptocurrency and finance? Was there any public outreach or consultation process involved? I'm curious to know the motivation and process behind this unprecedented move.
