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Title : El Salvador's President Proposes Making Bitcoin As Legal Tender In His Country
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El Salvador's President Proposes Making Bitcoin As Legal Tender In His Country

(Left) El Salvador President Nayib Bukele speaks during a news conference in San Salvador, El Salvador, June 6, 2021 © REUTERS/Jose Cabezas (Right) A Bitcoin illustration © REUTERS/Dado Ruvic 

CNBC: El Salvador looks to become the world’s first country to adopt bitcoin as legal tender  

 * El Salvador President Nayib Bukele plans to introduce legislation that will make it the world’s first sovereign nation to adopt bitcoin as legal tender. 

 * Bukele broadcast his intentions on a video at the Bitcoin 2021 conference in Miami. 

 * Bukele said the country is partnering with digital wallet company, Strike, to build modern financial infrastructure using bitcoin technology. 

MIAMI -- El Salvador is looking to introduce legislation that will make it the world’s first sovereign nation to adopt bitcoin as legal tender, alongside the U.S. dollar. 

In a video broadcast to Bitcoin 2021, a multiday conference in Miami being billed as the biggest bitcoin event in history, President Nayib Bukele announced El Salvador’s partnership with digital wallet company, Strike, to build the country’s modern financial infrastructure using bitcoin technology.

“Next week I will send to congress a bill that will make bitcoin a legal tender,” said Bukele.  

Read more .... 

WNU Editor: I can understand why big countries with their massive resources want to establish a cryptocurrency that they can control and regulate. But for smaller countries like El Salvador with their limited resources, it may make more sense for them to use a cryptocurrency like Bitcoin and to partner up with a reliable organization to make this feasible.

More News On El Salvador's President Proposing To Make Bitcoin As Legal Tender In His Country  

El Salvador's President Proposes Using Bitcoin As Legal Tender -- NPR/AP  

President of El Salvador Says He’s Submitting Bill to Make Bitcoin Legal Tender -- Yahoo

El Salvador's president announces plan to make bitcoin legal tender -- Axios  

El Salvador will adopt bitcoin as legal tender, president says -- CNN  

Bitcoin to Become Legal Tender in El Salvador, President Says at Cryptocurrency Event -- Newsweek  

'Shot heard around the world': El Salvador aims to become first nation to adopt bitcoin as LEGAL TENDER, may set global precedent -- RT

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