Daniell on Nostr: El Salvador became the first country to adopt Bitcoin as legal tender, a move ...

El Salvador became the first country to adopt Bitcoin as legal tender, a move championed by President Nayib Bukele. The intention behind this decision was to enhance the economy, particularly by reducing transaction costs for Salvadorans living abroad . However, the implementation of this policy has faced significant challenges, including economic instability and a decline in Bitcoin's value.