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Bitcoin will soon be 'legal tender' in El Salvador – here's what that means

  • Written by Jay L. Zagorsky, Senior Lecturer, Questrom School of Business, Boston University
Bitcoin will soon be 'legal tender' in El Salvador – here's what that meansIt's all legal tender.Steven Puetzer/The Image Bank via Getty Images

On Sept. 7, 2021, El Salvador will become the first country to make bitcoin legal tender.

The government even went a step further in promoting the cryptocurrency’s use by giving US$30 in free bitcoins to citizens who sign up for its national digital wallet, known as...

Read more: Bitcoin will soon be 'legal tender' in El Salvador – here's what that means

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