Bitcoin is accepted as the official currency! | techread

More than 12 years ago, on January 9, 2009 first cryptocurrency Bitcoin When it was announced, we are sure that no one thought that cryptocurrencies would reach these levels. But the unthinkable happened, and cryptocurrencies grew and grew like a non-stop avalanche. Bitcoin today in the crypto money adventure that started with More than 10,000 different coins and tokens exists. Perhaps a very large part of them will disappear in the future, but it seems certain that those who stand out will achieve greater success in the future.

The value of cryptocurrencies has reached 3 Trillion dollars

Last month, the total value was almost 3 trillion dollars Cryptocurrency market, which has found a lot of money, scares some states and financial institutions. In addition, despite this value, cryptocurrencies balloon-eyed The number of people is too large to be underestimated. Still, the cryptocurrency world remains hopeful for the future, and for that, one of the most anticipated meetings of the year is in the southeastern United States. Florida located in the province Miami is done in the city.

Nayib Bukele, President of El Salvador

El Salvador makes Bitcoin official means of payment and reserve currency

started the previous day Bitcoin 2021 conference It was the scene of some very promising speeches. Even some US senators They attended the meeting and made statements supporting Bitcoin. But the bomb of the day was revealed later in the meeting. For the first time a state Bitcoinhence a crypto asset official means of payment and reserve money He said he was considering using it as a

Bitcoin meeting connected via video conference Nayib Bukele, President of El Salvadormade a statement that excited cryptocurrency lovers. With this statement, Nayib Bukele Bitcoin is now an official means of payment and announced that it had sent a legislative amendment to the parliament to recognize it as an asset to be kept in reserve.

El Salvador’s economy

The Savior It became its own official currency in 2001. Salvador Colon leave and to US Dollars had passed. in Central America fourth largest economy olan El Salvador’un gross domestic product In 2001, when it accepted the dollar as the official currency, it was worth 12 billion dollars. $27 billion in 2020 has grown so much.

common problem of emerging economies. high personal debt (credits, cards, etc.) The interest in crypto assets is quite high in El Salvador, just like in Turkey, as it affects the people of El Salvador. Despite this, the use of cash in the country is also quite high. 70% of people don’t even have a bank account. This situation also makes it very difficult for money to enter the country from abroad. That’s why President Bukele Acceptance of Bitcoin as official currency and means of payment thinks that digitalization will accelerate with He also argues that it would be very easy, effortless and lossless for Salvadorans living abroad to send money to the country.

While these are good developments for the future of cryptocurrencies, drug trafficking There are also those who are skeptical of the acceptance of cryptocurrencies as official currency in countries such as El Salvador, where it is quite dense. This can play into the hands of countries and large financial institutions that do not want cryptocurrencies to rise, and they can use cryptocurrencies much more easily. money laundering tool as they may accuse.

Source: Teknolojioku Rss by

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