El Salvador is set to launch the world's first Bitcoin banks, creating a banking system fully built around Bitcoin. This innovation will offer Bitcoin-based financial services such as deposits, loans, and payments, aiming to modernize and streamline the national financial framework while promoting financial inclusion and reducing transaction costs. The initiative signals a bold step to embed Bitcoin deeply into the country's core economy, despite ongoing challenges related to regulation, volatility, and international financial institutions' concerns.

#Bitcoin #ElSalvador #CryptoBanking #FinancialInnovation #BitcoinRevolution