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Oct 1, 2021

[Answer] What country recently became the first to accept Bitcoin as legal tender?

Step 1 : Introduction to the question "What country recently became the first to accept Bitcoin as legal tender?"



...1. El Salvador 2. South Korea 3. Brazil 4. Monaco




Step 2 : Answer to the question "What country recently became the first to accept Bitcoin as legal tender?"



El Salvador - On September 7, 2021, El Salvador made history as the first country to accept the cryptocurrency Bitcoin as legal tender. The revolutionary policy is the brainchild of Salvadoran President Nayib Bukele, who took advantage of his massive popularity in the country to attempt to make progressive financial changes. Bukele argues that Bitcoin will allow Salvadorans to save $400 million a year on commissions for remittances and will give access to financial services to people with no bank account. The change pushes businesses in the country to accept payment in bitcoin alongside the U.S. dollar, which is El Salvador's other official currency.:


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