After El Salvador Adopted Bitcoin

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After El Salvador adopted Bitcoin as legal tender, the country experienced significant changes in its financial system. This move aimed to promote financial inclusion and reduce reliance on traditional banking. The adoption of Bitcoin has attracted global attention and sparked debates on cryptocurrency integration in national economies.

Many Salvadorans have started using Bitcoin for daily transactions, though challenges such as technological barriers and volatility remain. The government has implemented initiatives like the Chivo wallet to facilitate usage. Overall, this bold step positions El Salvador as a pioneer in digital currency adoption.