Kevin Cother JvFj
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El Salvador and Cryptocurrencies: Innovation or Distraction in a Stagnant Economy?
In September 2021, El Salvador made history by adopting Bitcoin as legal tender, a bold bet promoted by President Nayib Bukele. The stated goal was to promote financial inclusion, reduce remittance costs, and attract foreign investment. However, two years later, the impact on the real economy remains limited, while structural challenges persist that hinder growth.
The Promise of Bitcoin
- Financial inclusion: 70% of the population did not have access to banking services. The state wallet #ChivoWallet aimed to democratize digital transactions.
The Promise of Bitcoin
- Financial inclusion: 70% of the population did not have access to banking services. The state wallet #ChivoWallet aimed to democratize digital transactions.
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Yo entre por curiosidad, no tengo ningún centavo para iniciar
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